FIX THESE ISSUES TO MAKE BUSINESS IN SOUTH AFRICA BETTER Improving South Afri…
FIX THESE ISSUES TO MAKE BUSINESS IN SOUTH AFRICA BETTER Improving South Africa’s trade barrier score will require correct policy…
FIX THESE ISSUES TO MAKE BUSINESS IN SOUTH AFRICA BETTER
Improving South Africa’s trade barrier score will require correct policy choices and avoiding protectionism, says the Free Market Foundation.
The group
referred to the Property Rights Alliance’s latest Trade Barrier Index (TBI), published this week, which ranks South Africa 44th internationally based on the number of trade barriers it has in place.The ranking identifies the most direct and indirect trade barriers imposed by 90 countries affecting 84% of the world’s people and 95% of global GDP. The use of trade barriers reflects how ‘free’ a market is, with a high use pointing to a more closed marketplace.
This includes things like high tariffs and other regulatory restrictions that stifle competition.
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