A STRONG PARTNER For Southern Africa
The European Union Chamber of Commerce and Industry of Southern Africa is a member-driven, non-profit, fee-based organisation representing European business in Southern Africa.
The EU has historically been South Africa's main trading partner and the biggest source of foreign direct investment (FDI). Firms from EU Member States represent 77% (R786.3bn) of SA's total FDI stock of R1.015.5bn.
More than a quarter of South Africa's total trade is with the EU. According to data from the ITC Trade Map (2014), EU imports from South Africa to the EU amounted to R193bn, an increase of 19.8% vs. prior year (increase of total exports: 7.4%). At the same time, South Africa imported goods to EU countries in excess of R301bn, which constituted 27.8% of South Africa’s total imports.
A Chamber of Chambers, it represents the consolidated interests in policy discussions of all European bilateral Chambers of Commerce in South Africa, such as France, Germany, Spain, Austria, UK, Belgium, the Netherlands, Sweden, Finland, Norway, Portugal, and Central Europe.
Established in 2015 after 24 months of consultation with European bilateral Chambers of Commerce, the South African government, business and other stakeholders, the EU Chamber is the voice of all European investors in Southern Africa, that is, 2,000 companies with 300,000 employees.
The Chamber is recognised by the European Commission and honoured by the patronage of the EU Ambassador to South Africa.