ANNOUNCEMENT 20 Dec 2010

In December 2010, the government of South Africa announced a general change in export conditions.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



South African Reserve Bank Exchange Control Circular No. 46/2010: https://www.resbank.co.za/Publications/Circulars/Exchange%20Control%20Circulars/Exchange%20Control%20Circular%20No.%2046-2010.pdf
WTO-UNCTAD-OECD Fifth Report on G20 Trade and Investment Measures, mid-October 2010 to April 2011: http://www.oecd.org/daf/inv/investment-policy/47955250.pdf


Inception date: 03 Jan 2011 | Removal date: open ended

Export-related non-tariff measure, nes

On 20 December 2010, the South African Reserve Bank issued Exchange Control Circular No. 46/2010, which replaces the existing paper-based export monitoring system by an electronic one. Previously, exporters had to submit a form to the South African Revenue Service with every export transaction (excluding exports to countries within the common monetary area and small exports). In the new system, exporters merely have to 'tag' their exports with a so-called Unique Consignment Reference number.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A