2000

UNITED DEMOCRATIC MOVEMENT

MEDIA RELEASE


SA-EU TRADE DEAL UNDER THREAT, AGAIN

MEDIA STATEMENT ISSUED BY CEDRIC FROLICK, MP
UDM SPOKESPERSON ON TRADE AND INDUSTRY

The UDM condemns the latest attempts by the European Union to scupper a trade deal that has taken so long to negotiate, and at the current rate will take even longer to implement.

The truth is that South Africa has acted in good faith, and has upon each occasion of new demands reached new compromises. The time has come for the EU to keep up their part of the bargain.

It is this type of behaviour that lies at the heart of the North-South debate; surely it is not fair practice for the EU to bicker over a trade deal with SA that will compromise small percentage of total EU foreign trade. The EU is clearly aware of its huge economic advantage over us, and it appears as if the Union is willing to abuse that advantage.

In light of the above the UDM calls on Minister Manuel to use the latest round of IMF and World Bank meetings to raise the issue of fair trade between the developed and the developing world.

Enquiries:  Cedric Frolick
UDM Trade and Industry Spokesperson

Cape Town
13 April 2000