How South Africa may leverage the BRICS chair for agribusiness

How South Africa may leverage the BRICS chair for agribusiness

Despite BRICS not being a trade bloc, its economic cooperation arrangement offers South Africa a strategic platform to advance its trade interests. The agricultural sector is interested in this grouping, mainly in advancing exports into China and India. These countries already import a sizable volume and value of agricultural products from the world market, and South African businesses want to join these suppliers.

Export boom

Export boom

These robust exports have enabled South Africa to retain its position as a net exporter of agricultural products over time. In 2022, South Africa’s agricultural exports reached US$12.8 billion, up 4% from the previous year.

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