EU-South Africa Trade Agreement

EENI- School of International Business

Sub-subject: The European Union-South Africa Trade, Development and Cooperation Agreement. Syllabus:

1. Introduction to the Trade, Development and Cooperation Agreement between the European Union and South Africa
2. Key features of the South Africa-European Union Trade, Development and Cooperation Agreement

Sample of the Sub-subject - The European Union-South Africa Trade, Development and Cooperation Agreement:

Description of the sub-subject - The European Union-South Africa Trade, Development and Cooperation Agreement

South Africa has a Trade, Development and Cooperation Agreement with the European Union. The main objective is to create a free trade area covering 90% of the foreign trade between the countries of the European Union (Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, France, Slovakia, Slovenia, Spain, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, the United Kingdom (BREXIT), the Czech Republic, Romania, and Sweden) and South Africa.

The EU-South Africa Trade, Development and Cooperation Agreement seeks to increase and liberalise the reciprocal trade in goods, services and capital.

Tolerance: 15% of the ex-works price (except for certain products)

Type of accumulation: diagonal, complete and bilateral.

The Duty drawback under the EU-South Africa Trade, Development and Cooperation Agreement is authorised.

Compulsory EU Import Documents:

1. Certificate of goods EUR.1 (issued by the Customs authorities of South Africa)
2. Invoice declaration

The European Union has an Economic Partnership Agreement (provisionally applied) with the Southern African Development Community (SADC) which also includes Botswana, Lesotho, Mozambique, South Africa and Swaziland.

The European Union-South Africa Trade, Development and Cooperation Agreement belongs to the European Economic Area of the Western Civilisation and the African Civilisation.