EU-South Africa Free Trade Agreement Boosts South African Output and Welfare
The EU-South Africa Free Trade Agreement is expected to boost South Africa's economy, but the growth benefits are limited. The agreement will increase South African output and welfare, but only by a small amount. Over the next 18 years, only 2 percent of South Africa's economic growth can be attributed to the additional trade from the agreement. The slow implementation and partial benefits of the agreement mean that trade won't be a major driver of South Africa's growth.