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Southern African Customs Union and European Free Trade Association

Southern African Customs Union and European Free Trade Association. Export Promotion Seminar Pretoria, South Africa 15 and 16 July 2009. EFTA – South Africa and Swaziland Trade Relations. Pretoria, 15 July 2009 Geir Ulle Senior Officer, TRD gul@efta.int. Outline. What is EFTA

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Southern African Customs Union and European Free Trade Association

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  1. Southern African Customs UnionandEuropean Free Trade Association Export Promotion Seminar Pretoria, South Africa 15 and 16 July 2009

  2. EFTA – South Africaand SwazilandTrade Relations Pretoria, 15 July 2009 Geir Ulle Senior Officer, TRD gul@efta.int

  3. Outline • What is EFTA • EFTA-South Africa and Swaziland Free Trade Relations • EFTA – SACU Free Trade Agreement

  4. EFTA Member States Iceland Liechtenstein Norway Switzerland

  5. EFTA on the world stage Main economic sectors • Iceland:Fisheries, aluminium, pharmaceuticals, services • Norway:Oil, natural gas, fisheries (incl. fish farming), machinery, shipbuilding, services (including maritime transport) • Liechtenstein and Switzerland:Machinery, pharmaceuticals, chemicals, watchmaking, services (incl. financial services and tourism)

  6. EFTA - a top rank trader - Leaders in per capita GDP (among the top 10) - World’s 11th biggest trader in merchandise trade - World’s 5th biggest trader in services trade - Combined foreign direct investment outflow USD 74 billion Year considered : 2007

  7. EFTA’s top import sources (2007)

  8. This is EFTA - European Free Trade Association - 2009

  9. EFTA – South Africa and Swaziland Trade

  10. EFTA – SACU Trade Global Trade Atlas (GTIS), July 2009

  11. EFTA– SACU TradeTotal EFTA imports (2008): USD 1’634 million

  12. EFTA– SACU TradeTotal EFTA exports (2008): USD 882 million

  13. Evolution of EFTA’s Trade with South Africa and Swaziland Global Trade Atlas (GTIS), July 2009

  14. EFTA – South Africa and Swaziland Trade

  15. EFTA – South Africa and Swaziland TradeTotal EFTA imports: USD 996 million

  16. EFTA– South Africa and Swaziland TradeTotal EFTA exports (2008): USD 865 million

  17. EFTA – SACU Free Trade Agreement

  18. EFTA - SACU FTA • November 2000: High-level talks in Pretoria • June 2001-November 2002: Exploratory exchange of information • May 2003-August 2005: 7 rounds of negotiations • Summer 2006: Free Trade Agreement signed • 1 May 2008: Free Trade Agreement entered into force

  19. EFTA-SACU FTA • Liberalization of trade in Goods • Evolutionary clauses regarding • Services • Investment • Intellectual property rights • Government procurement • Economic Co-operation and Technical Assistance

  20. EFTA-SACU FTA Trade in Goods Trade disciplines: • Origin rules and Customs procedures • Technical regulations • Sanitary and Phytosanitary (SPS) measures • Competition and Subsidies • Safeguards and Anti-dumping

  21. EFTA-SACU FTA More information: All texts of the Agreement, information, updates under EFTA’s web page : www.efta.int

  22. Thank you for your attention. gul@efta.int

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