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South Africa Trade Relations and Agreements Workshop

South Africa Trade Relations and Agreements Workshop. South African Trade relationship with the European Union and the United States explored Evans Chinembiri 1 August 2013. Outline. General South African trade Statistics Focus on US-South Africa Trade Trade Statistics

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South Africa Trade Relations and Agreements Workshop

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  1. South Africa Trade Relations and Agreements Workshop South African Trade relationship with the European Union and the United States explored Evans Chinembiri 1 August 2013

  2. Outline • General South African trade Statistics • Focus on US-South Africa Trade • Trade Statistics • Trade Agreements • Focus on European Union-South Africa Trade • Trade Statistics • Trade Agreements

  3. General Trade Statistics • SA Total Exports in 2012):R700Bn • SA Total Imports in 2012):R833Bn • Trade deficit (2012): R132Bn

  4. General Trade Statistics (2) • Asia leading Import and Export destination; the EU is ranked as South Africa’s 2nd largest trading partner in 2012. • Rise of Africa as a trading partner

  5. Focus on US-South Africa: Trade Stats • SA represented the biggest market and largest trading partner in SSA (excluding oil exporters) • SA maintained a positive trade balance over the period 2004-2012 (excl-2009)

  6. Focus on US-South Africa: Trade Stats…(2) • SA mining exports: • World ↑11 percentage points; • US ↓ 3 percentage points. • Agric exports: • World ↑1 percentage point; • US ↓ 1 percentage points. • Basic Processing: • World ↓ 4 percentage point; • US ↓ 3 percentage points. • Advanced manufacturing exports declined by 7 percentage points. • World ↓ 7 percentage points; • US ↑ 6 percentage points.

  7. Focus on US-South Africa: Trade Stats…(3) • US-SA trade trends (Section Level)

  8. Focus on US-South Africa: Trade Stats…(4) • SA-US Bilateral Trade Stats: SA-US Export Share Growth Matrix (Section Level

  9. Focus on US-South Africa: Agreements • South Africa enjoys Preferential access to the US market through the African Growth and Opportunity Act (AGOA) • A unilateral trade policy concession governing US - Africa trade and investment relations. • Came into force in 2000 → Expiring in 2015 • Threats: • AGOA may not be extended; • AGOA extended - with South Africa’s benefits as adjusted i.e. curtailed.

  10. Focus on US-South Africa: Agreements…(2) • South Africa signed a Trade and Investment Framework Agreement (TIFA) → amended in 2012. • South Africa is part of the US- SACU Trade, Investment, and Development Cooperative Agreement (TIDCA) in 2008 • The above serve as forums for the US and SA to improve cooperation and enhancing opportunities for trade and investment.

  11. FOCUS ON EUROPEAN UNION – SOUTH AFRICA TRADE RELATIONS

  12. Focus on EU-South Africa: Trade Stats • SA represented the biggest market and largest trading partner in Africa • SA maintained a negative trade balance over the period 1988-2011

  13. Focus on EU-South Africa: Trade Stats…(2)

  14. Focus on EU-South Africa: Trade Stats…(3) • Germany is South Africa’s most important trading partner (20%) , then followed by the United Kingdom, the Netherlands Belgium and Italy, all contributing approximately 20%, 14%, 9% and 8 % (respectively) to South Africa’s exports to the European Union. • South Africa’s exports are driven mainly by mining and whole vehicle and automotive component exports to the Germany. • South Africa also exports refined petroleum products and Agricultural Products (wines), although relatively smaller amounts as compared to Mining and Automotive sector exports. • Vehicle exports are most likely to be driven by intra-industry trade within the automotive sector, as German vehicle manufacturers based in South Africa import and export different makes of vehicles.

  15. Focus on EU – South Africa: Agreements • South Africa signed a TDCA with the EU. • Fully liberalised in 2012 • South Africa European Union also signed a Strategic Partnership in 2007 which has further consolidated relations. • South Africa (together with SACU) currently negotiating an EPA with the European Union • Could unlock opportunities in Agricultural products exports in the form of tariff concessions

  16. Focus on EU – South Africa: Agreements…(2) • Threats • Uneasy relations between the European Union and South Africa over the cancelling of 3 Bilateral Investment Treaties with European Union countries. • Reduction in Aid to South Africa. • Threat of SPS concerns on Agricultural Exports - Current sticking point: Citrus Black Spot

  17. Thank you TIPS NPC (Non-Profit Company) 227 Lange str | NieuwMucklenuek| PRETORIA 0181P.O. Box 11214 | Hatfield | 0028Tel: (012) 433 9340| Fax: (012) 433 9344 | E-mail :evans@tips.org.za| Website: www.tips.org.za

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