What impact do import tariffs have on the domestic market? The South African poultry experience
In November 2019, the Department of Trade, Industry and Competition (DTIC) published the Poultry Master Plan. The Plan is South Africa’s latest effort to revive the poultry sector and outlines the specific actions that are needed to stimulate local demand, boost poultry sector exports, and protect the local industry. Whilst there are many tools available to the DTIC to improve the functioning of the sector, this blog focuses on the use of import tariffs. The blog considers the impact of an import tariff on the domestic market in respect of consumers, producers, and government.