South Africa's Minister of Trade, Industry and Competition has requested the International Trade Control Commission to review the paper and paper products industry and recommend appropriate trade policy tools in the context of the country's rising imports of paper products. Its department stated in a government announcement: “The South African pulp and paper industry is under tremendous pressure. The fields of uncoated paper, newsprint, packaging paper, and household paper are particularly prominent. The industry is concerned that the import penetration rate continues to rise and demand for printed paper shrinks, compounded by the domestic economic slowdown, bringing increasingly serious challenges.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.