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23 December 2024
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Studies by the World Trade Organisation (WTO) indicate that bilateral trade is crucial for a sustainable and robust economy. Given that we don't produce enough poultry domestically, this is a compelling argument in favour of supporting bilateral trade agreements.
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This week, ChickenFacts dives into the vital role bilateral trade plays in bolstering both local and global economies.
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Bilateral Trade: Friend or Foe?
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Bilateral trade agreements play a central role in South Africa's poultry industry, influencing production, consumption, imports, and exports. These agreements–which aim to eliminate trade barriers–have opened new opportunities for economic growth. They also ensure access to essential feeds such as maize and soybeans, critical for cost-effective poultry production.
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