Tight deadline to submit comment.

The International Trade Administration Commission of South Africa (ITAC) has announced that interested parties that a revised Guidelines for the Price Preference System (“PPS”) have been drafted. However, Itac has Gazetted changes to the contentious price preference system (PPS) for scrap metal, reducing the discount for domestic ferrous scrap consuming industries from 30% to 25%.

The PPS follows from a trade policy directive issued on 10 May 2013 by the then Minister of Economic Development directing ITAC to exercise its powers under the International Trade Administration Act, 2002 (Act No. 71 of 2002) to regulate the exportation of ferrous and non-ferrous waste and scrap metal.

The Guidelines set out the framework for the implementation and administration of the PPS in relation to the exportation of ferrous and non-ferrous waste and scrap metal. Interested parties are hereby invited to submit comments on the revised Guidelines.

Interested parties are requested to provide comments on the draft terms of reference for the Technical Working Group established under the PPS. Submissions should be forwarded electronically within two (2) weeks from the date of this notice to the following Commission official: Mrs. Dudu Mogale, Manager: Import and Export Control: Email: dmogale@itac.org.za