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The investigation reflects South Africa's broader efforts to protect its domestic tyre industry, which has faced challenges due to an influx of low-cost imports. Authorities are particularly concerned that Vietnamese tyres may be sold at prices below their fair market value, undermining local manufacturers and leading to potential job losses within the sector.
Ramaphosa's defence comes in response to Western criticism that China's loans, particularly for large infrastructure projects, burden African nations with debt they struggle to repay.
South Africa, like many other African nations, has long exported raw materials to China while importing manufactured goods, leading to a trade deficit.
Hajizade noted that discussions between Moscow and Baku regarding expanded cooperation had been ongoing, suggesting that the BRICS application aligns with these broader strategic goals.
India’s Commerce Secretary, Anil Kapoor, represented the nation, advocating for deeper trade integration and shared economic growth. Kapoor emphasized the importance of a coordinated response to global economic uncertainties and trade barriers.
OANDA has launched its prop trading program, OANDA Prop Trader, in South Africa, allowing traders to become signal providers on a profit-sharing basis. Participants can earn up to 90% of profits and use crypto payments. This expansion aims to increase access for skilled traders and boost OANDA’s market presence.
India is hosting the 46th ATCM in Kochi, Kerala, from May 20 to 30. Delegates from 56 member countries of the Antarctic Treaty are attending this event, which is organized by the National Centre for Polar and Ocean Research (NCPOR) under the Ministry of Earth Sciences.
The highly anticipated decision comes after tense hearings last week, during which South Africa urged the ICJ to order an immediate cessation of Israel's offensive in Gaza, with a particular focus on the city of Rafah, where more than one million displaced Palestinians have sought refuge from the intense bombardment.
Consequently, Israel justified its military operations in the region as necessary for security purposes, declining South Africa's plea for an immediate cessation of military activities in Rafah and a complete withdrawal from Gaza.
The demand made by South Africa is a significant development in a case it initiated against Israel, accusing the nation of violating the Genocide Convention in Gaza. Despite the denial of these accusations by Israel, the ICJ has already taken action earlier this year.
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