SA producers still accuse country of unfair trade practices, saying it is dumping chickens and sugar
SA producers say Brazil is dumping chickens and sugar in SA. Picture: ISTOCK
“We will therefore be focusing greater attention on expanding exports. In line with the jobs summit commitments, we will focus on the export of manufactured goods and trade in services such as business process outsourcing and the remote delivery of medical services,” Ramaphosa said at the time. “According to trade statistics our trade deficit with Brazil has shrunk considerably in 2018. The deficit is now at $700m, down from $1.2bn in 2017. Part of this was due to the ratification of the Sacu/Mercosur preferential trade agreement, which was ratified in April 2016 where Sacu had offered the [South American trading bloc] tariff line items of about 1,065 products across 16 sectors of which 469 products are 0% import duty free,” Ebrahim said.
“This offers us a window of opportunity to penetrate the Brazilian market through these 0% import duty-free products. Negotiations of this agreement started in 2000.”
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