FREE TRADE: SA companies could boost exports to EU by R350bn a year, research shows

South African companies are missing out on R350-billion a year in export opportunities to the European Union , new research shows.

He also noted that the EU was the world’s biggest investor, accounting for 40.3% of all foreign direct investments in 2020. These created more than 350,000 jobs. Martin Cameron, the MD of the company Trade Research Advisory, said research he had conducted with North-West University indicated that about R350-billion of short-term potential exports from SA to the EU under the EPA were being left on the table.

He found, for example, that although SA was already exporting quite a lot of iron and steel to Europe, Belgium-Luxembourg still offered R2.1-billion a year potential for exports of 45 relatively mature products, mostly iron and steel.He also found an untapped potential of R14-billion in exports of 19 different sorts of agricultural products from South Africa to the EU.

Why talk about duty free export of food, when we were just threatened with looming food shortages? Oh that's right its manufactured scarcity. This is more free market clap trap.

nickhedley WandileSihlobo

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Brent Crude tops $120 as Shanghai eases curbs, EU leaders meetOil climbed at the week’s open as China eased anti-virus lockdowns and the EU worked on a plan to ban imports of Russian crude.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Russia to settle eurobond debt in mirror of EU payments for gasRussia is constructing a way to pay its Eurobond debt that would sidestep the western financial infrastructure, now mostly off-limits because of the Ukraine war, Finance Minister Anton Siluanov was cited as saying in an interview with Vedomosti.
Source: dailymaverick - 🏆 3. / 84 Read more »