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Monday, 19 March 2018

Trade agreement with the EU a boost for Western Cape exports

The Economic Partnership Agreement (EPA) between the European Union (EU) and six Southern African countries has been a boost for the Western Cape, with strong gains for the wine and fishing industries since it came into effect in October 2016. The EPA between the EU and the Southern African Customs Union (SACU) member countries – South Africa, Botswana, Lesotho, Namibia and Swaziland – plus Mozambique, allows increased market access for exports. More than half of South Africa’s fish exports are destined for the EU, with a growth rate of more than 50% since 2013, said the SADC-EU EPA Outreach Initiative. The EPA allows duty-free access to the EU for all fish products. Cape hake, which makes up 40% of South Africa’s total catch, is by far the most popular fisheries export, followed by squid. “We have been helped by the EPA which is liberalising all Cape hake lines. We are focusing on the value-add to products such as crumbed fillets and fish cakes,” said Fish SA executive director of commercial fishing Jeremy Marillier.

Source: engineeringnews