International Trade Administration Act, 2002 (Act No. 71 of 2002)

The Minister of Economic Development issued a trade policy directive (the Directive) in terms of Section 5 of the Act, that ITAC exercise its powers under the Act to regulate the exportation of scrap metal. ITAC established a price preference system pursuant to which it would not allow the exportation of scrap metal unless it had first been offered for sale for domestic beneficiation, to the domestic consuming industry, for a period and at a price discount or other formula determined by ITAC. The particulars of this price preference system are set forth in paragraphs 3-8 below and are divided into subject headings for ease of reference.