Who Benefits From Regional Trade Agreements The View From The Stock Market

The South African Customs Union (SACU) is negotiating a free trade agreement with the United States. South Africa, Africa`s largest economy, has already signed a free trade agreement with the EU.3 The free trade agreement between South Africa and the EU applies de facto to all SACU members by amending SACU`s common external tariff to set preferential tariffs for imports from the EU. The amendment allowed South Africa to sign the free trade agreement with the EU while it was a member of SACU. Africa`s poor record in attracting foreign direct investment also suggests that the ART has not significantly improved the region`s competitiveness. .

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