Agriculture Business Chamber of South Africa: BRICS+ to boost agricultural trade

The Agriculture Business Chamber (Agbiz) has highlighted the positive political relations within BRICS+, emphasising the importance of bilateral trade agreements to boost agricultural exports.

Agbiz chief economist Wandile Sihlobo reiterated South Africa's commitment to increasing market access to BRICS+ countries while maintaining strong linkages with other global markets.

Sihlobo noted the growth potential of South Africa's agricultural sector, emphasising the need for trade to develop it. This is reported by Pretoria News, a partner of TV BRICS.

Sihlobo emphasised the need for joint efforts to reduce import tariffs and address phytosanitary issues. With the inclusion of new members such as the Kingdom of Saudi Arabia and Egypt in BRICS+ from 1 January 2024, South Africa expects significant opportunities for agricultural exports.

Egypt, in particular, represents a lucrative market for various agricultural products, offering significant opportunities for South African farmers and traders.

“Admittedly, Egypt and the Kingdom of Saudi Arabia have only recently joined the BRICS+ grouping, and market access is part of the long-term bilateral engagements with South Africa. South Africa has access to selected fruits, wine, wool, meat and grains,” stated Wandile Sihlobo.

Through concerted efforts and a strategic approach to market access, South Africa intends to capitalise on the growing trade opportunities within BRICS+.