Evaluation of South Africa’s Trade Policies (Grade 12 NSC Matric Economics): Flashcards
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GEIS acronym (introduced 1990s)
GEIS acronym (introduced 1990s)
General Export Incentive Scheme
1985 debt crisis: protection rate change
1985 debt crisis: protection rate change
Increased from 30% to 70%
Manufacturing GDP: 1912 vs 1981
Manufacturing GDP: 1912 vs 1981
5.8% (1912) to 31.1% (1981)
SACU member countries
SACU member countries
SA, Lesotho, Namibia, Botswana, Swaziland
Year SACU established
Year SACU established
1910
Sasol established: year & purpose
Sasol established: year & purpose
1955, to produce oil from coal
Year MMA replaced CMA
Year MMA replaced CMA
1992
SA average tariff: 1994 to 2011
SA average tariff: 1994 to 2011
11.7% to 5%
Tariff categories consolidated
Tariff categories consolidated
100+ reduced to 6
SA's WTO trade liberalisation start
SA's WTO trade liberalisation start
January 1995