Page 8 - Trade Map News Today

South Africa's export-oriented agricultural sector is heavily reliant on the African continent, accounting for over 40% of annual exports. The African Continental Free Trade Area (AfCFTA) is expected to propel South Africa's market presence beyond the South African Development Community (SADC) region. However, we argue this optimism might be misplaced, given specific structural challenges that will likely limit the potential for South Africa to increase agricultural exports in untapped...

While there is optimism that the African Continental Free Trade Area (AfCFTA) is set to provide further expansion opportunities for South Africa’s agricultural exports into the African continent, the benefits of this agreement for the local sector are not as much as previously thought, according to the Agricultural Business Chamber (Agbiz).

South Africa's agricultural exports have grown significantly over the past two decades. Yet agricultural private-sector role players typically argue that the government has not done enough to open up new markets for ever-increasing produce. This failure has limited the country's scope to grow exports beyond existing traditional markets in the European Union (EU) and the African continent. In markets outside these regions, private-sector players argue that the growth in South Africa&#03...

Malawi and Zimbabwe on Monday signed bilateral trade agreement in order boost trade between the two countries. Speaking during the event held at Umodzi Park in the Capital City Lilongwe, Minister of Trade Sosten Gwengwe said the agreement follows up to another agreement which the two countries signed in 1995. At the ceremony, spiced by exhibitions fro 20 Zimbabwe companies, the country’s High Commissioner to Malawi, Dr Nancy Saungwenya commended Malawi Government for accepting to re-sign the ...

The mechanisation of the sugar cane sector, and in particular sugar cane harvesting, remains low across Southeast Asia relative to other major producing markets, namely Brazil and others in South America, India and China.

The Pakistan Telecommunication Authority has authorised 19 foreign and local companies to manufacture mobile devices in Pakistan. It is expected to help decrease the prices of cell phones as well as the country’s import bill. Mobile subscriptions crossed 164 million in 2020, according to the PTA. Owing to the significant size and continuous growth in mobile connectivity, Pakistan has become the world’s seventh largest handset importer in the world as per Trade Map Data. “Initially valid fo...

New incentives to boost exports Business Reporter Export incentives announced by Government last week could not have come at a better time for exporters that are accompanying ZimTrade on outward seller missions to Dubai and the DRC. ZimTrade is currently implementing its 2020 to 2023 strategy to increase participation in export promotion activities. In essence, the strategy entails participating in various export promotion activities, including outward seller missions, to identify potential cus...

By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric now fetches a higher price domestically; prices having soared by as much as 275% from Rs. 80 per kilo to Rs. 300 per kilo. The turmeric shortage, reports of adulterated turmeric powder, the ceiling price, black-market sales, and sensational stories of busting smuggling attempts are the manifestations of the impact of import controls. The recent ...

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Zimbabwean garlic farmers have been urged to increase exports riding on the growth of the global market which has expanded to US$2,48 billion in the past two decades, from US$500 million. The…