STUDY THE CASE STUDY BELOW AND ANSWER THE QUESTIONS THAT FOLLOW

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1.1.1 Step 1: Identify countries mentioned in the text as joining BRICS+ in 2024. The text states: "Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates were included last year 2024". Step 2: Select two countries from the identified list. Egypt Ethiopia 1.1.2 Step 1: Recall major trade agreements South Africa participates in within the sub-Saharan region. South Africa is a key member of several regional economic communities. Step 2: Name two such agreements. Southern African Customs Union (SACU) Southern African Development Community (SADC) Free Trade Area 1.1.3 Step 1: Define what a trade protocol is in the context of international trade. A trade protocol is a formal international agreement that establishes specific rules, procedures, or conditions governing trade relations between signatory countries or blocs. Step 2: Briefly explain its purpose. It often serves to implement, amend, or add detail to a broader trade agreement, focusing on particular aspects like tariffs, quotas, or specific product categories. 1.1.4 Step 1: Consider the general advantages of joining an economic bloc like BRICS. Membership in BRICS offers South Africa opportunities for economic cooperation, political influence, and access to new markets. Step 2: List specific benefits. Increased trade and investment opportunities with other major emerging economies. Enhanced geopolitical influence and a platform to advocate for developing world interests on global stages. Access to development finance through institutions like the New Development Bank (NDB). 1.1.5 Step 1: Evaluate the success of the Japan-South Africa partnership forum for the South African economy. The Japan-South Africa partnership forum has generally been successful in fostering economic ties, primarily through trade and investment. Japan is a significant investor in South Africa, particularly in the automotive, manufacturing, and mining sectors, contributing to job creation and technology transfer. Step 2: Discuss specific areas of success and potential impact. This partnership has facilitated market access for South African exports to Japan, especially raw materials and agricultural products, while also attracting Japanese foreign direct investment (FDI) into key sectors of the South African economy. This investment supports industrial development, creates employment opportunities, and introduces advanced technologies and management practices. However, the success can be further enhanced by diversifying South African exports beyond primary commodities and increasing value-added production.

STUDY THE CASE STUDY BELOW AND ANSWER THE QUESTIONS THAT FOLLOW

Step-by-step solution

Identify countries mentioned in the text as joining BRICS+ in 2024.

Select two countries from the identified list.

Recall major trade agreements South Africa participates in within the sub-Saharan region.

Name two such agreements.

Define what a trade protocol is in the context of international trade.

Briefly explain its purpose.

Consider the general advantages of joining an economic bloc like BRICS.

List specific benefits.

Evaluate the success of the Japan-South Africa partnership forum for the South African economy.

Discuss specific areas of success and potential impact.

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