South Africa–European Union relations
South Africa has strong cultural and historical links to the European Union (EU) (particularly through immigration from the Netherlands, the United Kingdom, Germany, France, and Greece) and the EU is South Africa's biggest investor.
Since the end of South Africa's apartheid, EU South African relations have flourished and they began a "Strategic Partnership" in 2007. In 1999 the two sides signed a Trade, Development and Cooperation Agreement (TDCA) which entered into force in 2004, with some provisions being applied from 2000. The TDCA covered a wide range of issues from political cooperation, development and the establishment of a free trade area (FTA). The liberalisation schedules were completed by 2012. Since the signing of the Agreement, trade in goods between the two partners has increased by more than 120%, and foreign direct investment has grown five-fold.
South Africa is the EU's largest trading partner in Southern Africa and has a FTA with the EU. South Africa's main exports to the EU are fuels and mining products (27%), machinery and transport equipment (18%) and other semi-manufactured goods (16%). However they are growing and becoming more diverse. European exports to South Africa are primarily machinery & transport equipment (50%), chemicals (15%) and other semi-machinery (10%).
|EU – South Africa trade in 2013|
|Direction of trade||Goods||Services||Investment stocks|
|EU to South Africa||€24.5 billion||€7.2 billion||€41.8 billion|
|South Africa to EU||€15.6 billion||€4.5 billion||€7.7 billion|