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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:South African trade hegemony: is the South Africa-EU Trade, Development and Cooperation Agreement heading for a BRICS wall?
Authors:Bezuidenhout, HenriISNI
Claassen, Carike
Year:2013
Periodical:South African Journal of International Affairs
Volume:20
Issue:2
Pages:227-246
Language:English
Geographic term:South Africa
Subjects:South-South relations
European Union
international trade
trade agreements
External link:https://doi.org/10.1080/10220461.2013.811338
Abstract:South African dominance of trade in Africa as well as its position as a regional hegemon was entrenched by the Trade, Development and Cooperation Agreement (TDCA) with the European Union in 1999. South Africa's full-blown integration into the BRICS (Brazil, Russia, India, China, South Africa) formation since 2011 has brought new dynamics, however, as South Africa now has a marked BRICS orientation. Although the European Union (EU) as a bloc is still South Africa's largest trading partner, China has become South Africa's largest single-country trading partner. The question arises as to whether this new found loyalty makes sense in terms of South Africa's regional position and its trade prospects. Against the background of more intra-industry trade with the EU and the new and growing inter-industry trade with the other BRICS economies, South Africa's trade share of African trade has been in relative decline. This study uses an international political economy framework to analyse South African trade hegemony based on the TDCA and the possible effects of a shift towards BRICS. The conclusion is that, although the shift towards BRICS can politically be justified, economically it should not be at the expense of the benefits of the more advantageous relationship with the EU. Notes, ref., sum. [Journal abstract]
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