http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: 0.02
R/$ = 11.76Change: 0.02
Au 1204.40 $/ozChange: 0.75
Pt 1187.00 $/ozChange: -2.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 16, 2007

South-South trade grows increasingly healthy, but barriers persist

Back
South Africa's Trade and Industry Minister Mandisi Mpahlwa discusses South-South trade (16/10/2007)
 
 
 
Africa|Flow|Industrial|Africa|Flow
Africa|Flow|Industrial|Africa|Flow
africa-company|flow-company|industrial|africa|flow-industry-term
© Reuse this



Trade between India, Brazil and South Africa (Ibsa) is nudging towards its $10-billion target, and business leaders and government representatives are already proposing a higher trade flow target, but barriers ranging from tariffs to logistical stumbling blocks first needed to be dealt with.

Various business leaders from India, Brazil and South Africa, attending the second Ibsa summit in Johannesburg, suggested on Tuesday that the trilateral trade between the countries could grow to somewhere between $15-billion and $20-billion over the next three to four years.

Companies from developing countries, such as India, Brazil and South Africa, could increase trade by forging cooperative arrangements on transport, communications and technology sharing, South Africa's Trade and Industry Minister Mandisi Mpahlwa said, but added that the issue of trade tariffs could not be overlooked.

He said that it was more difficult to make progress in tariff negotiations aimed at broadening the economic space for companies and industries, as industrial development was still under way in the three countries, and that widespread poverty, unemployment and a host of development problems were common in the regions.

It is difficult to open markets that may place severe pressure on domestic production and exacerbate unemployment. The key issue is whether our industrial and agricultural structures are complementary or directly competitive with each other."

Mpahlwa said that a more limited preferential trade agreement, as covered by the enabling clause in the World Trade Organisations rules, would be more appropriate, but that India, Brazil and South Africa would have to seek to broaden the scope of an exchange of tariff preferences beyond the current level of exchanges of preference.

It seems to me, this is the crux of the matter, and a challenge we need to confront squarely, he told business delegates attending the Ibsa summit, which aims to promote South-South trade.

Meanwhile, various business leaders flagged concerns about air and sea connectivity between the three countries and access to travel permits as some of the key sticking points.

People complain that if they are want visas from South Africa, particularly people from India, they take a long time

Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 6 hours ago Transport equipment manufacturer GE Transportation has appointed Thomas Konditi as the head of its sub-Saharan Africa division. Konditi, who would be based in Johannesburg, was most recently COO of GE Africa, in Nairobi. His responsibilities included the oversight of...
Updated 7 hours ago Trade union Solidarity has criticised the Nuclear Energy Corporation of South Africa (Necsa) for continuing with a restructuring process, which the union claims results in employees being demoted, without consulting with Solidarity about the process. Solidarity...
FMCSA president and CEO Jeff Nemeth
Updated 7 hours ago South Africa’s Automotive Production and Development Programme (APDP) had boosted Ford Motor Company of Southern Africa’s (FMCSA’s) manufacturing competiveness, the vehicle manufacturer said on Tuesday. The Department of Trade and Industry (DTI) had introduced the...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
Walter Hill
Updated 7 hours ago Eqstra Holdings was going to reduce its exposure to contract mining, but it was not yet ready to sell the troubled business, said CEO Walter Hill on Tuesday. He said Eqstra would not sell its contract mining business in a “depressed market”. He said it would be...
Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96