The European Community and South Africa: Economic Reality or Political Rhetoric?

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Abstract
This article examines the economic and political relationship between the European Community (EC) and the Republic of South Africa (RSA). From the economic perspective, the Community's objective of securing economic independence for the region, trends in EC–RSA trade and the arguments pertaining to mineral dependency are discussed. From the political perspective, Community statements on apartheid are compared with its foreign policy record. In particular, the Code of Conduct for European firms operating in the Republic is analysed within the framework of European Political Cooperation (EPC). The achievements, failures, future role and alternatives to the Code are considered and the limitations imposed by EPC in realizing a collective foreign policy are recognized.

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