JOHANNESBURG - Business leaders at the BRICS forum said non-tariff barriers are one of the main reasons why agriculture trade remains low between the member States.The forum serves as a precursor to the main BRICS event set to take off in earnest later in the day.
One of the main issues set to be discussed throughout the three-day conference is improving intra-trade between the five countries.According to the speakers at the BRICS Business Forum, it is largely down to the slow change of policies regarding the production, harvesting and transporting of agricultural items.
A member of the BRICS Business Council from India, Jaidev Shroff, said the barriers for entry-level farmers remain impossibly high."So, it's very important that as BRICS, which is the largest producer, largest consumer, we dominate that role in understanding some of these policies being driven what is the ulterior motive. And address it in a proper way otherwise agriculture development in a continent like Africa which can really be the food basket of the world will never happen.
The chief Economist of the Agricultural Business Chamber of South Africa – Wandile Sihlobo – said there is urgency from businesses at relooking these policies.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABCNews - 🏆 37. / 51 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »