“South-South commodities trade” refers to the exchange of goods, particularly raw materials and agricultural products, between countries located in the global South. The term “South-South” typically refers to developing or emerging economies, primarily located in Africa, Asia, Latin America, and the Caribbean.

This type of trade is significant because it involves countries that share similar economic conditions, levels of development, and often face similar challenges.

Many countries in the global South are rich in natural resources such as oil, minerals, and agricultural products.

By trading with each other, countries in the global South can reduce their dependency on developed countries for trade and investment. This can enhance economic sovereignty and promote self-sufficiency.

it also presents challenges such as infrastructure limitations, trade imbalances, and fluctuations in commodity prices. Addressing these challenges requires effective policies, infrastructure development, and regional cooperation.