Department of Trade and Industry
The International Trade Administration Commission has received an application to set up a rebate provision on titanium dioxide used in the manufacture of paints, varnishes and prepared driers.
The trade and industry department announced the application in Government Gazette 42980.
Kansai Plascon (Pty) Ltd applied for the rebate to be created “in such quantities, at such times and subject to such conditions as the International Trade Administration Commission may allow by specific permit”.
Reasons for the application include that there is currently no SACU manufacturer of titanium dioxide, downstream manufacturers have to import titanium dioxide at a 10% customs duty, prices of titanium dioxide are escalating on the global market and the setting up of a rebate facility will provide an equitable solution for all parties while Nyanza Light Metals strives to establish a local titanium dioxide plant.
Representation is invited within four weeks of the date of publication.
Meanwhile, in a statement, the department has confirmed that, following the exit of the United Kingdom (UK) from the European Union (EU), during the transitional period provided for in the UK Withdrawal Agreement, trade between South Africa and the UK will continue unchanged under the SADC-EU EPA.
According to the Withdrawal Agreement, during the transitional period, the “UK will be treated as a Member State of the Union for the purposes of international agreements concluded by the Union, or by Member States acting on behalf of the Union, or by the Union and its Member States jointly”.
The transitional period is set to end on 31 December 2020 but could be extended.
Once the transitional period ends, the SACUM-UK Economic Partnership Agreement, agreed last year, will kick in and govern trade with the UK.