Opportunity with risk along the way with South Africa cooperation
Sep. 12, 2018
One side is a huge market demand, and one side is overcapacity. This should be a win-win opportunity, but due to the vigilance of China's steel exports, trade barriers between South Africa and China's steel products have occurred frequently in the past few years. Although China-Africa cooperation is further deepening, trade frictions still exist.
On April 24, 2018, the WTO (WTO) Safeguards Committee issued a report on the investigation of safeguards submitted to the South African delegation on April 23, 2018. In response to an application filed by the South African Ironand Steel Institute, South Africa initiated an investigation into the launch of safeguard measures for other screws on Fully Threaded with Hexagon Heads made of Steel on April 20, 2018. The South African tax code for the product in question is 7310.35.39. The damage investigation period of this case is from July 1, 2014 to June 30, 2017.
"In order to curb the massive export of Chinese steel to South Africa, a 22% tariff is imposed on Chinese steel products. This is only a state behavior, as consumers do not want it." Herrad Paphos is talking about adding Tariffs seem quite helpless and disappointing. "Despite the increase of tariffs, market demand still exists and cannot be blocked by human factors. The government's approach does not only affect the steel industry, but it will also affect South Africa's steel. Downstream, such as automotive manufacturing, is extremely unwise."
"As long as the quality of our products is hard enough and the price is favorable, trade protection can't stop the market demand. Only by abandoning the idea of unilateral trade and strengthening cooperation can we achieve cooperation and win-win." Come to participate in the 2018 Beijing-Tianjin-Hebei international investment and trade negotiations. Lv Hongbing, the vice president of the All-China Lawyers Association of the Association, made the above statement on the incident when he was interviewed by this reporter during the keynote speech.