South Africa is considering imposing tariffs of as much as 50% on vehicles from China and India as it moves to protect its automotive industry from a flood of imports.
An internal review is being conducted by the Department of Trade, Industry and Competition to assess potential measures to stem inbound shipments, which policymakers say are undermining domestic manufacturing.
Among the options under consideration is an amendment to South Africa’s tariff schedule to bring import levies in line with World Trade Organization concessions for most-favored nations, Ayabonga Cawe, the commissioner of the country’s International Trade Administration Commission, told lawmakers ...
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