25.06.2016 - 12:39 [ Post ]

UK remains important trading partner for South Africa

One of the options open to the UK would be to join European Free Trade Area (EFTA). EFTA has a free trade agreement with the EU and forms part of the European Economic Area. Importantly, EFTA also has free trade agreement with the (SACU) that South Africa is part of. SACU and EFTA have already started a review of this agreement.
Another option would be for the UK and SACU to negotiate a bilateral free trade agreement and one possibility would be to base it on the EPA, the Presidency said.