https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Aluminium|Building|Business|Export|Flow|Services|Technology|Flow|Products
Aluminium|Building|Business|Export|Flow|Services|Technology|Flow|Products
aluminium|building|business|export|flow-company|services|technology|flow-industry-term|products
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

SA govt urges developing countries to respond to anti-globalisation initiatives


Close

Embed Video

SA govt urges developing countries to respond to anti-globalisation initiatives

President Cyril Ramaphosa
President Cyril Ramaphosa

18th June 2019

By: African News Agency

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The South African government on Monday, urged the 22 countries that belong to the Indian Ocean Rim Association (IORA) to discuss how to respond to the anti-globalisation initiatives that were arising from powerful countries in the world.

Sipho Zikode, deputy director-general of special economic zones at the department of trade and industry (the dti), said the Indian Ocean Rim Association Trade Conference hosted in Durban, comes at a time when there were new global developments affecting countries all over the world.

Advertisement

"For example, we find ourselves in a situation where countries are using tariffs to develop their own economies and other countries responding to the new developments," he said.

Zikode said the trade war between the United States and China was affecting many countries, particularly small developing countries like South Africa, whose export products like aluminium, have already been negatively affected.

Advertisement

"This conference provides IORA members with an opportunity and a platform to sit down and discuss how to effectively respond to these anti-globalisation initiatives that are arising from some of the powerful countries of the world," Zikode said.

The conference will explore emerging opportunities to boost trade and investment in the Indian Ocean Rim region, with a focus on women’s economic empowerment.

The objectives include promoting liberalisation, removing impediments and lowering barriers towards a freer and enhanced flow of goods, services, investment, and technology within the Indian Ocean Rim.

The two-way trade in goods and services of the region amounted to $4.8-trillion in 2018.

"The Intra-IORA trade represents only 2.5 percent of world trade," Zikode said.

"There is a need to improve the Intra-IORA trade through various initiatives including trade facilitation, trade policy coordination options, harmonisation and simplification of procedures, and dissemination of information through appropriate arrangements such as trade fairs, business-to-business meetings and capacity-building workshops."

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za