Tag: World Trade Organisation (WTO)
EU and UK seal a partial Brexit deal
On Christmas Eve, more than four years after voting to leave the European Union and one week before the end of the ‘transition’ phase, the UK and European Commission agreed the terms of their new trading relationship. The tariff and quota-free deal sets the stage for the UK to plot a recovery from its pandemic-induced recession, its deepest in more than 300 years.
Export taxes – do they make sense for South Africa?
South African businesses involved in cross-border trading need to be aware of potential export taxes on the horizon. Export restrictions are on the rise, with export taxes becoming more prevalent. It’s important to note that the South African Customs Act has, for the first time, been amended to deal with export taxes.
