Terms of trade in agricultural trade
27/08/2014 12:00
Xolisiwe Yolanda Potelwa, Tshimangadzo Mugobi and Ron Sandrey
Abstract
South Africa has traditionally been a net exporter of agricultural products, but in recent years the gap between these exports on the one side and imports on the other has been narrowing, even slightly favouring imports. Indeed, if South Africa followed the international norm and assessed import values as including costs of freight and insurance the reverse situation would apply as South Africa would become a net importer of agricultural products.
The objective of this paper was to assess whether South African agricultural export prices had on average risen more than the comparable import prices in the last six years, a period leading up to and immediately following the global commodity crisis. We find that this has indeed been the case for the last three years but that for the two–year period 2008-2009 import prices rose faster.
Download the paper here:
Các tin khác
- The Dispute Settlement Crisis in the World Trade Organization: Causes and Cures (16/03/2018)
- Modification of trade defence rules regarding non-market economy costs and prices (23/02/2018)
- Research Paper: Options for Disciplining the Use of Trade Remedies in Clean Energy Technologies (03/08/2017)
- Addressing the rise of Trade Remedies against Environmental Goods (03/08/2017)
- Anti-dumping Retaliation - A Common Threat to International Trade (15/11/2016)