BRICS, Mega-Regional FTAs and South Africa’s Trade Strategy

Image: BRICS flags25
Image: BRICS flags25

Global trade strategy does not appear to be a major focus of the Brazil, Russia, India, China, South Africa (BRICS) grouping, apart from the priority given to completing the stalled World Trade Organization Doha Development Round of negotiations.

Mega-regional trade initiatives led by the US – the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) – have stepped into the gap. These initiatives reflect a wider regionalisation of trade dynamics, which the BRICS, both individually and collectively, are already addressing in navigating their response to the TPP–TTIP. The tripartite free trade agreement between the Common Market for Eastern and Southern Africa, the Southern African Development Community and the East African Community reflects one such option for South Africa as it tries to navigate contradictions involving its Economic Partnership Agreement (EPA) with the European Union (EU) and its hopes of not being ‘graduated’ out of the US extension of the African Growth and Opportunity Act (AGOA). It is in South Africa’s interest to promote a US–EU harmonisation between the AGOA extension and the EPAs.

1 Jul 2014


File size: 135.04 KB

Research by
SAIIA Occasional Paper No 191, June 2014
Sub-Saharan Africa
South Africa
SAIIA Programme
Economic Diplomacy
AGOA, BRICS, Economic Partnership Agreements (EPAs), Project: Global Economic Governance, World Trade Organisation (WTO)

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Scroll to Top