South Africa is considering lodging a formal complaint against the EU’s “protectionist” carbon border levy.
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Observers have warned the move could block hundreds of billions of dollars in investment into emerging markets.
A decades-old global consensus that’s allowed e-commerce and data to cross borders without tolls is at risk of falling apart.
The meteoric rise of the digital economy has been exempt from the kind of tariffs that apply to trade in physical goods. That era may come to a screeching halt this week.
Negotiations for e-commerce and digital trade under an Africa-wide free trade pact will be fast-tracked as the coronavirus pandemic heightens the need for a legal and governance framework.