The end of sanctions in South Africa requires a reappraisal of its economic strategy and its relations with its trading partners. This report looks at the role of the trade regimes which European Community (EC) countries could offer to it in the context of its new needs and objectives.
This report concludes that the gains from a preferential regime would be small for South Africa. The damage from trade diversion would also be minimal. Yet, other forms of external assistance should be considered which would be in the form and in the sectors where South Africa’s needs are greatest.