Tag: SACU

South Africa Merchandise Trade Statistics for December 2017

31 Jan 2018 News
South Africa’s trade surplus widens in December South Africa’s trade surplus increased to R15.72 billion in December of 2017 from an upwardly revised R13.05 billion in the previous month, and above market expectations of a...
An Opportunity for South Africa to pursue new regional Policies?

An Opportunity for South Africa to pursue new regional Policies?

Gerhard Erasmus - 19 Jan 2018 Discussions

Gerhard Erasmus, tralac Associate, comments on trade and industrial policy in South Africa following the election of Cyril Ramaphosa as President of the ANC

South Africa is in the midst of a political battle. At the end of 2017 the ruling party, the African National Congress (ANC), elected Cyril Ramaphosa as its new leader, after a hotly contested campaign. At the time of writing (early January 2018) all eyes are on the next move of the party leadership regarding the future of the incumbent President of the country, Jacob Zuma. His term as President of South Africa runs till April 2019, while Mr Ramaphosa is now the leader of the ANC. It is reported that the National Executive Committee (NEC) of the ANC will endeavour to recall Mr Zuma as President. However, he shows no intention of stepping down. There are reports about alternative measures such as a motion of no confidence or even impeachment. These are uncertain times.

These developments are responses to serious domestic challenges. They involve state capture, corruption, random cabinet reshuffles, and governance failure. The national economy has taken several knocks, its credit rating is

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tralac SACU Workshop – Industrial Development & tariff management
Nov
30
On 30 November and 1 December 2017, tralac hosted public officials and private sector representatives from SACU for a workshop on Industrial Development and Tariff Management Matters
Safeguard measures in the SADC-EU Economic Partnership Agreement

Safeguard measures in the SADC-EU Economic Partnership Agreement

Willemien Viljoen - 6 Dec 2017 Discussions

Willemien Viljoen, tralac Researcher, discusses bilateral safeguard measures under the SADC-EU EPA

Safeguard measures are a temporary restriction, of fairly traded products, to protect a specific domestic industry from a sudden increase in imports which causes serious injury to the domestic industry of the importing country. A safeguard is a ‘safety valve’, giving countries the flexibility to temporarily rescind liberalisation commitments made. Generally, safeguards need to be applied on non-discrimination basis; the measure needs to be applied on the specific import product, irrespective of the source. However, regional trade agreements allow for an exception to this rule in the form of bilateral or regional safeguard measures which are only applicable between the countries party to the agreement. A case in point is the SADC-EU EPA which provides for general bilateral and specific bilateral safeguards. Furthermore, the EPA allows for the exception of goods imported from the SADC member states when the EU applies multilateral safeguard measures in terms of Article XIX of the GATT, the WTO Agreement on Safeguards and Article V of the WTO Agreement on

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