Unlocking South Africa’s Potential
International trade can be a powerful force for economic growth and poverty reduction. This report aims to support policy dialogue with the government of South Africa on trade. It explores reforms to promote trade that can support robust, inclusive, and green economic growth following years of unprecedented supply-chain disruptions during the COVID-19 pandemic and ongoing uncertainties related to increasing geopolitical tensions and climate change. This was done by synthesizing a series of analyses carried out by a World Bank team in collaboration with South African academics and other stakeholders. It complements the existing and extensive literature on improving trade and investment outcomes in South Africa and strengthening private sector competitiveness. The report provides an overview of South Africa’s export performance over the past decade for both goods and services by using a wide variety of data sources and analytical tools. It also proposes a series of recommendations on how the country can improve its trade competitiveness, with a focus on using new trade agreements and other opportunities for diversification; improving trade facilitation and addressing non-tariff barriers; and increasing the capabilities of local firms to become exporters and diversify products and markets. Institutional changes to effectively implement these reforms are also discussed.
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-08-08
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| Subjects: | PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR DEVELOPMENT FOR PPP, INTERNATIONAL REMITTANCES, TRADE AGREEMENTS AND NEGOTIATIONS, CORONAVIRUS (COVID-19), DECENT WORK AND ECONOMIC GROWTH, SDG 8, |
| Online Access: | http://documents.worldbank.org/curated/en/099072324033025851/P17557919d7ae80f6190fd1849b70964ea9 https://hdl.handle.net/10986/42024 |
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| Summary: | International trade can be a powerful
force for economic growth and poverty reduction. This report
aims to support policy dialogue with the government of South
Africa on trade. It explores reforms to promote trade that
can support robust, inclusive, and green economic growth
following years of unprecedented supply-chain disruptions
during the COVID-19 pandemic and ongoing uncertainties
related to increasing geopolitical tensions and climate
change. This was done by synthesizing a series of analyses
carried out by a World Bank team in collaboration with South
African academics and other stakeholders. It complements the
existing and extensive literature on improving trade and
investment outcomes in South Africa and strengthening
private sector competitiveness. The report provides an
overview of South Africa’s export performance over the past
decade for both goods and services by using a wide variety
of data sources and analytical tools. It also proposes a
series of recommendations on how the country can improve its
trade competitiveness, with a focus on using new trade
agreements and other opportunities for diversification;
improving trade facilitation and addressing non-tariff
barriers; and increasing the capabilities of local firms to
become exporters and diversify products and markets.
Institutional changes to effectively implement these reforms
are also discussed. |
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