Price Preference System (PPS)

23 Jan 2017

The PPS was introduced by ITAC following a policy directive from the Minister of Economic Development in terms of Section 5 of the International Trade Administration Act, 2002 (No. 71 of 2002) that the Commission exercise its powers under the Act to regulate the exportation of ferrous and non-ferrous waste and scrap (collectively referred to as scrap metal) by not allowing the exportation of scrap metal unless it has first been offered to domestic consumers of scrap metal, for a period determined by the Commission and at a price discount or other formula determined by the Commission...Read More