South Africa’s duty-free trade privileges are set to expire, threatening to disrupt billions of dollars in annual exports, particularly in automotive and agricultural sectors. The move could introduce tariffs on key products like cars and farm goods, raising costs for both local producers and international buyers. Businesses and policymakers are now assessing the potential economic ripple effects as trade agreements face scrutiny. The decision marks a shift in global trade dynamics, with implications for South Africa’s export-driven industries.
South Africa to lose duty-free access, affecting $1.7bn worth of annual exports, including cars and farm products.
