Africa Trade AgreementsAfrica Trade Agreements

Africa Trade Agreements

European Union - South Africa Trade, Development and Co-operation Agreement (TDCA_)


Countries Involved:Africa Economic Institute Tanzania, Africa Economic Institute South Africa,
Area of Cooperation:goods, services and capital
Signed at: 1999
Summary:

Their main objective is to create a free-trade area between South Africa and the EU over an asymmetric, transitional period of 12 years - which means that the EU and South Africa will open their markets to each other at a different pace.



  Extended Topics:

Objectives:

(a) to provide an appropriate framework for dialogue between
the parties, promoting the development of close relations
in all areas covered by this Agreement;

(b) to support the efforts made by South Africa to consolidate
the economic and social foundations of its transition
process;

 

(c) to promote regional cooperation and economic integration
in the southern African region to contribute to its
harmonious and sustainable economic and social
development;

(d) to promote the expansion and reciprocal liberalisation of
mutual trade in goods, services and capital;

(e) to encourage the smooth and gradual integration of South
Africa into the world economy;

(f) to promote cooperation between the Community and
South Africa within the bounds of their respective powers,
in their mutual interest.

Back to Trade Agreements page