AGRI NEWS NET
South Africa- We should welcome dumping, not penalise it.
The government of South Africa is weighing new anti-dumping tariffs of up to 232% on a range of products imported from China and India, ostensibly to protect local industry. Bad plan.
The International Trade Administration Commission (ITAC), a bunch of pencil-pushers tasked with second-guessing the ‘proper’ pricing of imports, has asked Ebrahim Patel, the communist in charge of the Department of Trade Barriers, Deindustrialisation and Collusion (DTIC), to impose ‘anti-dumping’ tariffs on a number of products imported from China and India.
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