Search Results for international trade

No two countries are equal when it comes to output. The international trade landscape is constantly changing. As a result, new forms of protectionism are constantly surfacing. While the World Trade Organisation is doing what it can to reduce tariff barriers to trade, non-tariff barriers to trade are proliferating, with exporters today having to prove their compliance with a myriad of foreign market regulatory requirements covering everything from environmental protection and product quality/safety, to staff welfare and corporate social responsibility.

SACU or Southern African Customs Union is a Southern African trading bloc that is made up of South Africa, Namibia, Botswana, Lesotho and Eswatini. All members of this customs union share the same benefits, namely the removal of tariff and non-tariff barriers to trade.

Many business opportunities await southern African companies in foreign markets. There may be a growing demand for their products, prospects for expanding their production capacity or even new markets created by world events that impact global economies. Regardless of the reasons, before you begin formulating new strategies, you should answer this simple question: “Should I be exporting my product?”