Latvia-South Africa Economic Relations 1918–1940

Abstract

The Republic of South Africa was the first country on the continent of Africa to recognise the renewed independence of the Republic of Latvia on 29 August 1991. This paper provides an overview of Latvian-South African economic relations in the interwar period. In the interwar period Latvian and South African economic relations were mainly confined to foreign trade. Latvia’s foreign trade in relation to South Africa (then known as the Union of South Africa) was more or less regulated by Latvia’s 1923 treaty with Great Britain. Latvia’s main imports from South Africa in the interwar period were fruits (including oranges, mandarins, apricots, grapes, pears, etc.), tanning extracts and materials, paint and varnish extracts and materials, raw wool, palm kernels and oil, and furs and hides, whilst Latvia’s main exports to South Africa were fish and fish conserves (including “Sprotes”), confectionery and chocolates, timber and timber products, paper and paper products, plywood, and liquors etc. In general, despite a growth in trade in the 1930s, trade and thus economic relations were of marginal significance to both countries in the interwar period.