For businesses that trade cross-border, there are a series of trade instruments governed by the World Trade Organisation (WTO), as well as trade agreements that can be used to grow sustainable enterprises.
Trade instruments take many forms. In addition to tariffs (import duties) and safeguards, Government can impose anti-dumping duties when imports are being ‘dumped’ in the South African market. Government can also impose countervailing duties on products that are subsidised in the country of origin.
Business may also face trade barriers in the form of safety, environmental or sanitary specifications. While these measures are a useful tool to stop poor-quality goods from entering a market, they must be proportionate and necessary for the objective pursued.
We can help you find the right solution
PwC South Africa has unparalleled expertise in identifying the relevant trade instruments available to business to achieve optimum results. Our team has experience in dealing with the Department of Trade and Industry (the DTI), the International Trade Administration Commission (ITAC), the South African Revenue Services (SARS), the WTO, the European Commission and several trade agencies around the world.