Ratification of trade agreements leads to higher SA exports to Brazil

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Ratification of trade agreements leads to higher SA exports to Brazil
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'This is thanks to the fact that we have increased our exports to Brazil by 37% from US$483 million in 2017 to US$663 million in 2018,' says a representative.

South African foreign economic representative in Brazil Shanaaz Ebrahim at the 12th Latin American Defence and Security Exhibition

The ratification of agreements between the Southern African Customs Union and the Southern Common Market trade blocs has led to a steady increase in South African exports to Brazil, the country’s foreign economic representative to the South American state Shanaaz Ebrahim has said. “This is thanks to the fact that we have increased our exports to Brazil by 37% from US$483 million in 2017 to US$663 million in 2018,” she said.

She said MERCOSUR had reciprocated by offering SACU 1,052 product lines of which 778 products were import duty-free.

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