“The report starts by briefly reviewing the way in which economists generally approach assessment of regional trade agreements, and South-South trade agreements in particular. The ‘Review on Trade Flows’ then examines the overall trade flows between South Africa and Brazil and their implications. The ‘Review of Main Product Groupings’ draws on a wide range of sector research already undertaken, mostly by the Department of Trade and Industry (DTI), and assesses the implications of a trade agreement for different industries. The last section ‘Some conclusions and research requirements’ concludes and suggests important areas for further research.”