TRADE POLICY
Global protectionist stance could present opportunities for SA
Events such as a looming Brexit have thrown global trade policy into turmoil. Unwarranted shifts in monetary policy, developments in financial markets and geopolitical tensions could all jeopardise global economic growth — and by extension trade — in the near term. Another risk is that antiglobalisation sentiment will lead to more restrictive trade policies, threatening trade prospects in the long term as well. It is in this context that South African firms need to understand the implications of a more complex global trade policy landscape and identify possible opportunities as protectionism in key export markets bites. More than 60% of 6,000 survey respondents in HSBC’s new research report, Navigator: Now, next and how for business, think governments are growing increasingly protective of their domestic businesses. The feeling is most prevalent in emerging markets (68%), perhaps because the backlash against trade liberalisation has occurred in their most critical developed-country ...
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