EU, SADC strike trade deal to benefit SA
The deal increases SA’s duty-free export quota on some products like bottled wine and canned fruits.
CAPE TOWN - A new European Union (EU) and Southern African Development Community (SADC) economic partnership agreement is expected to boost South Africa's exports to Europe.
The agreement was signed by the EU and SADC countries last week.
It increases South Africa's duty-free export quota on some products like bottled wine and canned fruits.
Trade and Industry Minister Rob Davies says some duty-free quotas have been extended and new ones have been established.
"There was never duty-free and now 150,000 tonnes of sugar will be able to enter the EU market duty-free."
Davies says the country has also made import concessions.
The new agreement is expected to bump up South Africa's exports to the EU, which last year amounted to R536 billion.