Global trade tensions: South Africa concerned about economic impact

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Trade and Industry Minister Ebrahim Patel has expressed concern at growing trade tensions in the global economy.

”Heightened uncertainty from growing trade tensions and measures is also placing a drag on an already fragile economy.This follows long standing concerns by many developing countries about the imbalances created by the outcome of the Uruguay Round”, said Patel on Monday.

The Minister’s comments follows the G20 Joint Trade and Digital Economy Ministers and the G20 Trade Ministers Meeting he attended over the weekend in Tsukuba, Japan.

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