Abstract
M.Comm.
This study will quantify the economic impact of the FTA negotiated between SA and the EU. Two simulations are undertaken. The first simulation focus on the bi-lateral elimination of import tariffs between SA and the EU on non-agricultural products (industrial products). The second simulation considers the bi-lateral elimination of import tariffs on non-agricultural and agricultural products between SA and the EU. The quantitative analysis can only handle a limited number of arguments of the FTA. Notably, financial assistance, development, and social and cultural co-operation are examples of issues that will not be dealt with in a quantitative manner in this study.
The goal of this study is to undertake an empirical analysis of the free trade agreement (FTA) between South Africa (SA) and the European Union (EU) using an applied equilibrium model.