South Africa Trade Agreement With India

For government policy reasons, the South African government is working to further open its market in order to increase trade and develop more competitive domestic industries. However, in 2006, the South African government made exceptions to this approach in order to protect the labour-intensive garment industry. During 2020, the South African authorities adopted emergency measures to limit all freight and passenger traffic due to the Covid 19 pandemic; These have been partially removed. The Department of Trade and Industry (DTI) is authorized to regulate, prohibit or ration imports into South Africa in the national interest, but most goods can be imported into South Africa without restrictions. South Africa remains India`s largest trading partner in sub-Saharan Africa after Nigeria. As in previous years, the trade balance remains favourable to South Africa. The previous bilateral trade target of $10 billion has been revised to $15 billion and is expected to be achieved by 2014. . .

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