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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Trading with the Dragon: Prospects for a China-South Africa FTA
Author:Shelton, GarthISNI
Year:2004
Periodical:South African Journal of International Affairs
Volume:11
Issue:2
Pages:59-71
Language:English
Geographic terms:Africa
China
Subjects:trade agreements
free trade areas
international economic relations
Economics and Trade
international relations
External link:https://www.tandfonline.com/doi/abs/10.1080/10220460409545466
Abstract:Recently, South Africa and China have initiated discussions about the eventual conclusion of a free trade agreement (FTA). While there are enormous potential benefits from an FTA with China, the costs, risks, and benefits need to be thouroughly investigated. In the early stages of the debate on the FTA, three perspectives are discernable. The 'idealists' are hypnotized by the size and dynamism of the Chinese market and thus advance the view that instant riches can be quickly accumulated because of the sheer number of Chinese consumers. They also contend that an FTA with China would strengthen the China-South Africa strategic partnership and mobilize Beijing's support for Pretoria's ambitious global reform agenda. The 'pessimists' oppose an FTA, fearing that increased trade with China will lead to a major loss of employment in South Africa. The 'realistic optimists' see the opportunities in greater access to the Chinese market, but caution against an impetuous and hurried FTA which will not advance, nor protect, South Africa's interests. This paper outlines the varying perspectives of these broad groups. Ref. [ASC Leiden abstract]
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