South Africa’s trade department has drafted proposed regulations that will allow exporters to collaborate to ease the impact of 30% tariffs the US levied on imports from the nation.
The regulations, which the Department of Trade, Industry and Competition published for public comment on Tuesday, will stay in place for five years, it said.
Under the proposed regulations exporters will be permitted to coordinate and share shipping and marketing costs, collaborate on the building of export infrastructure and will be allowed to jointly negotiate export protocols. The planned rules will help companies avoid breaching antitrust laws.
The measures are being ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.