BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The EU Cooperation with South African Countries: Main Trends and Prospects for Development
Savchenko M. V., Apeniuk A. I., Skladaniuk D. M.

Savchenko, Maryna V., Apeniuk, Anna I., and Skladaniuk, Darina M. (2024) “The EU Cooperation with South African Countries: Main Trends and Prospects for Development.” Business Inform 6:28–34.
https://doi.org/10.32983/2222-4459-2024-6-28-34

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 1

Download article (pdf) -

UDC 339.92

Abstract:
The article is devoted to the study of the current situation, outlining the main trends in cooperation between the European Union and the countries of South Africa and determining the prospects for its deepening. Attention is focused on the cooperation of the European Union in the economic, political and social spheres with the countries of South Africa. The evolution of interaction, including the impact of the colonial past on modern relations is considered, and the role of the EU as a key investor and trading partner for South Africa is analyzed. The authors substantiate the importance of the EU investments in the development of infrastructure, education, health care and technology, which contribute to economic growth and increase the competitiveness of local enterprises. Particular attention is paid to the Economic Partnership Agreement between the EU and the countries of South Africa (SADC EPA) and its impact on trade relations. Changes in the trade balance between the EU and South Africa, in particular the impact of the COVID-19 pandemic on exports and imports, are studied. Specific examples of cooperation with countries such as Namibia and Botswana are considered, and the impact of foreign investment on their economic development is analyzed. Prospects for further development of cooperation between the EU and the countries of South Africa in certain spheres are highlighted. In particular, the EU and South African countries can work together to remove trade barriers and promote investment; the EU can continue to provide development assistance to South African countries to help them achieve their objectives; strengthen its cooperation in the field of peace and security to help address the challenges facing Africa as a whole; cooperate in the fight against climate change and on the development of a sustainable economy. The article states that cooperation between the EU and South African countries can benefit both regions. Stronger cooperation can contribute to economic growth, development, peace, and security.

Keywords: European Union, South Africa, economic cooperation, trade, investment, democracy, human rights, climate change, infrastructure.

Fig.: 5. Bibl.: 12.

Savchenko Maryna V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Economic Relations, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Apeniuk Anna I. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Skladaniuk Darina M. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

List of references in article

Taylor, I. “Bait and Switch: The European Union's Incoherency Towards Africa“. Insight on Africa, vol. 8, no. 2 (2016): 96-111. DOI: https://doi.org/10.1177/0975087816646890
“EU trade relations with Southern African Development Community (SADC)“. European Commission. Trade. https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/southern-african-development-community-sadc_en
Pisani, A. D., Bosl, A., and Zaire, D. U. Namibia's foreign relations: Historic contexts, current dimensions, and perspectives for the 21st century. Windhoek, Namibia: Macmillan Education Namibia, 2021.
“The EU is a strategic development partner to Botswana“. The Business Weekly & Review. October 27, 2022. https://businessweekly.co.bw/news/the-eu-is-a-strategic-development-partner-to-botswana
“Welcome to the European Parliament. About Parliament“. https://www.europarl.europa.eu/about-parliament/en
Jamal, A. “Peace and Division: The Black Novel in South Africa“. Current Writing, vol. 33, no. 1 (2021): 63-69. DOI: https://doi.org/10.1080/1013929X.2021.1902074
“Invest SA: One stop shop“. South Africa Government. https://www.gov.za/Invest%20SA%3AOnestopshop
“Le Sport: C'est Plus Qu'un Jeuafd“. AFD: Agence Francaise de Developpement. https://www.afd.fr/fr
European Bank for Reconstruction and Development (EBRD). https://www.ebrd.com/home
Radiuk, M. S. “Vidnosyny Yevropeiskoho Soiuzu ta krain Pivdennoi Afryky : kvalifikatsiina robota“ [Relations Between the European Union and the Countries of South Africa: Qualification Work]. Ostroh, 2023. http://surl.li/hfzuvm
“Lesotho Foreign Direct Investment“. FocusEconomics. https://www.focus-economics.com/country-indicator/lesotho/foreign-direct-investment-usd/
Tolstov, S. “Afrykanskyi napriam u politytsi Yevropeiskoho Soiuzu“ [The EU's Foreign Policy Towards African Countries]. Yevropeiski istorychni studii, no. 7 (2017): 17-44. DOI: http://doi.org/10.17721/2524-048X.2017.07.17-44

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster