The Impact of the Changing Political and Legal Environment, with the Establishment of the European Union on Trade Between Europe and South Africa

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Topics: European Union
THE IMPACT OF THE CHANGING POLITICAL AND LEGAL ENVIRONMENT, WITH THE ESTABLISHMENT OF THE EUROPEAN UNION ON TRADE BETWEEN EUROPE AND SOUTH AFRICA.

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LOGISTICS MANAGEMENT
ITEM CODE: ONB 10X8

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ABSTRACT

The establishment of the European Union influenced trade between the former common market (European Economic Community) and South Africa. This changing political and legal environment enhanced opportunities for trade and logistics activity in South Africa. There are also possible future trade and logistics activity threats and solution between South Africa and Europe. The removal of physical, technical and fiscal barriers enhanced trade and logistics with South Africa and there were new challenges to overcome.

1. Introduction

2.1 Background
The establishment of the European Union (EU) influenced trade between the former common market (European Economic Community) and South Africa. The EU is not only South Africa’s major trading partner; it also remains a key source of foreign direct investment (FDI). The EU account for 90 percent of South Africa’s FDI inflows (Kabundi, 2007:63). Trade between the EU and South Africa, was significantly influenced with the establishment of the EU.

This changing political and legal environment enhanced opportunities for trade and logistics activity in South Africa. There are also possible future trade and logistics activity threats and solution between South Africa and Europe. The removal of physical, technical and fiscal barriers, possibly enhanced trade and logistics with South Africa and there were new challenges to overcome.

2.2 Problem statement and Purpose of study
With the EU as the South Africa’s major trading partner, the establishment of the (EU) meant that trade with countries in the EU might have been at risk due to removal of barriers between the member countries of the EU. South Africa would have to compete with barriers that have fallen away for EU member countries.

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