SA supports a rules-based trading system, but current rules are not ideal, Rob Davies says
The global trade war has now escalated into a full-blown trade war that requires greater co-operation especially between Brics member nations, Trade and Industry Minister Rob Davies says. At the start of the Brics Summit on Wednesday, Davies said: "It's moved beyond the phoney war. We are now seeing the actual shots being fired." On Tuesday, SA made a submission to the general counsel of the World Trade Organisation on behalf of the Africa group. This was also in response to several proposals that have been submitted by advanced nations calling for reform of the multilateral trading system. Davies said of SA's submission: "The gist of it was to say that while we are in support of the rules-based multilateral trading system, it doesn't mean that the rules as they currently exist are ideal. There is a big, unfinished agenda about trade and development called for in the Doha round, particularly in the form of agricultural trade, that has not been concluded." The minister said SA had no...
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