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South-South Economic Co-operation: The India-Brazil-South Africa Case
This 2006 report by the South African Institute of International Affairs examines the economic relationships between India, Brazil, and South Africa. Based on interviews with 30 South African companies and government officials, it identifies significant non-tariff barriers, high business costs, and a lack of awareness among the private sector regarding the IBSA initiative. While it notes growth in bilateral trade—such as the 2004 SACU-Mercosur preferential trade agreement—it highlights that many South African firms perceive IBSA as a political rather than an economic project. The report recommends reducing customs duties, improving infrastructure, and involving the business sector more deeply in the formulation of trade agreements.
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Document type: Report