SA and the UK would explore opportunities to strengthen trade ties ahead of the UK leaving the EU, Trade and Industry Minister Rob Davies and UK Secretary of State for International Trade Liam Fox said in a joint statement on Wednesday. The statement followed a meeting on Tuesday at which Davies sought to get the commitment of the UK to working on a post-Brexit trade deal as soon as possible. Currently, SA’s trade with the UK falls under the economic partnership agreement between the Southern African Customs Union (plus Mozambique) and the EU. When the UK leaves the EU, it will have to negotiate its own trade agreements with SA and other countries. Both ministers committed to strengthening ties and to work together to identify trade and investment opportunities that will benefit not only the UK and SA, but southern Africa and Africa. Davies said SA and the UK had to ensure they had "a predictable trade and investment environment for mutual benefit for both parties" post-Brexit, whil...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.