Brazil deal underscores need to strengthen country’s trade agreements – BLSA

The announcement last week that South Africa had reaffirmed its strategic partnership with Brazil, with ambitions to deepen economic ties, was presented as a diplomatic win; however, this being led by the Department of International Relations and Cooperation instead of the Department of Trade, Industry and Competition, suggests it was a political conversation, not an economic one, business organisation Business Leadership South Africa CEO Busi Mavuso writes in her weekly newsletter. She points out that South Africa requires a serious trade strategy that is built on analysis of where it can actually compete, not on the optics of summits.

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