Minister Rob Davies explains SA measures in place if Brexit goes ahead

The current uncertainty with the Brexit crisis is causing countries that have trade agreements with the EU to be in a bit of panic, with these countries wondering how the break up will affect the markets after March 2019.

Minister of Trade and Industry Rob Davis says the South African government has put an agreement in place with the EU to ensure that SA products will continue to have access to European markets.

Read: Theresa May survives vote of no confidence but is 'mortally wounded' politically

We have engaged in negotiations with them on a technical level and on a political level and we are hoping that we will conclude by the middle of January to be able to put something to Parliament before the exit on March 29.

Rob Davis, Minister of Trade and Industry

But I think there should be minimal disruptions in the regular trade.

Rob Davis, Minister of Trade and Industry

Davis explains what will happen in a worst case scenario if the break up does happen or a situation where prime minister's Theresa May's plan fails.

What will happen to the global financial markets as a result, that is something that we can't anticipate or deal with directly.

Rob Davis, Minister of Trade and Industry

The big disruption that we are talking about is that if the EU started trading with us and everybody else...

Rob Davis, Minister of Trade and Industry

But we have been working with the same terms which we use now under the economic partnership agreement.

Rob Davis, Minister of Trade and Industry

To hear the rest of the discussions with Minister Rob Davis, listen below:


This article first appeared on CapeTalk : Minister Rob Davies explains SA measures in place if Brexit goes ahead


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