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Building sustainable economies: Navigating contemporary issues in the finance, economic complexity, and interprenuership development

Revenue, welfare and trade effects of EU FTA on South Africa

  • Authors: Guei, Kore Marc Antoine
  • Date: 2015
  • Subjects: Commercial treaties , Free trade -- European Union countries , Free trade -- South Africa , European Union countries -- Commercial policy
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/6137 , vital:21042
  • Description: The study used the partial equilibrium WITS-SMART Simulation Model to assess the impact of liberalization under the Trade Development and Cooperation Agreement (TDCA) of a free trade area between the EU and South Africa. The findings of the study reveal that total trade effects in South Africa are likely to surge by US$ 1.036 billion with a total welfare valued at US$ 134 million. Dismantling tariffs on all EU goods would be beneficial to consumers through net trade creation. Total trade creation would be US$ 782 million. However, South African producers are likely to contribute a trade diversion of US$ 254 million which has a negative impact on consumer welfare. The country might also experience a revenue loss amounting to US$ 562 million due to the removal of tariffs. On trade, the country’s export and import to the EU is expected to increase by US$ 12.419 million and US$ 1.266 million respectively. To mitigate revenue loss, the country should try to diversify its current tax base.
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  • Date Issued: 2015

Rhodes University Annual Report 1991

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