Trade Agreement In Sudan

October 12, 2021 3:52 am Published by Leave your thoughts

In 2012, South Sudan passed the National Bureau of Standards Act, which set standard standards and bodies, and the Weight protection and measures act, which created the National Bureau of Standards for Consumer Protection. On the one hand, South Sudan is not a member of the WTO, it has not taken any obligations under the Agreement on Technical Barriers to Trade and the Agreement on the Application of Sanitary and Phytosanitary Measures. On the other hand, the country, as a member of COMESA, is obliged to remove non-tariff barriers by strengthening regulatory and technical standards systems and promoting mutual recognition. The shortage of laboratory equipment prevents the National Bureau of Standards from controlling the import of goods such as expired food and merchandise. After the Sudanese coup of 1969, Khartoum took steps to expand trade with the Soviet Union and Eastern Europe. [1] Exports to the Soviet Union increased dramatically in 1970 and 1971, when that country became Sudan`s first customer. [1] However, after the Sudanese coup of 1971, relations deteriorated and Soviet purchases fell to almost zero. [1] Take your business to the next step. Find out ways to expand your presence in Sudan with the help of our Trade Commissioner (TCS) and find out more about the trade relations between the two countries, market facts and other information. The Republic of South Sudan is considered a post-conflict country that became officially independent in July 2011. It is also identified as a least developed country (LDC) where about 75% of the population lives under poverty.

The country`s economy is heavily dependent on the oil sector, which until recently accounted for 98% of government revenues, and according to the World Bank report (2013), this is linked to the country`s weakness in macroeconomic policy and corrupt public financial management. Currently, the government is focused on increasing investment in non-oil sectors, which would diversify the economy and stimulate economic growth and exports. Although trade between South Sudan and Sudan has been historically strong, it has collapsed since secession and a series of disputes along the border, with serious repercussions on the South Sudanese economy. However, given that the country is a new independent state facing a fragile economy, poor infrastructure and political instability, it is expected that a series of political and institutional reforms will be put in place in order to create a more favorable environment for international trade. . . .

Categorised in: Uncategorized

This post was written by rb_ad