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Toyota South Africa’s chief executive Andrew Kirby said the strategy is: “Focus on Africa because Africa is going to grow significantly.”. A pivot to Africa could also help insulate automakers from the immediate effects of the electric vehicle revolution. The continent is ill-placed to join it at the moment due to the higher prices of EVs and unreliable power grids. Just 66 electric cars were sold last year in South Africa - the continent’s most developed economy. “Africa will most likely remain as the last bastion of internal combustion engines,” Parker said.

Nevertheless, industry officials say the biggest hurdle to developing the market for new cars is dumping from countries such as Japan, where strict vehicle inspections force cars out of circulation after just a few years, They say this distorts the market by allowing dealers to buy the cars at scrap prices and export them to Africa, They blame stainless steel gold plated block engravable cufflinks the cheap imports for killing off assembly sectors in a number of African countries including Nigeria, which built around 150,000 cars per year until the 1980s..

Political will is needed to change that, and without it there is little point in considering a country for local production, according to VW’s Schaefer. “The markets .. are literally not functioning right now due to importation of used vehicles,” he said. In Kenya, the government plans to wind down imports of cars more than three years old by 2021. Exceptions will be made for passenger vehicles with 1.5 litre or smaller engines. The policy could see mid-range imported models double in price, according to the 300-member Kenya Auto Bazaar Association (KABA). The lobby group has taken out ads in local newspapers denouncing the policy and is demanding a meeting with Kenya’s president.

Mark stainless steel gold plated block engravable cufflinks Oburu, KABA’s vice-chairman, said the move would hit an industry that delivers 85 percent of Kenyan car purchases, “The middle class will not be able to own a vehicle of their choice,” he said, In the Nairobi bazaar, Grace was shopping for her eldest son’s first car, She said she could not afford to buy a new one, “If they don’t rescind that decision, we will be on boda bodas (motor-bikes).”, Both Ghana and Nigeria have also pledged to tackle the issue, Nigeria hiked taxes on imported used cars in 2014, but smuggling has undermined that effort to boost demand for local production, according to manufacturers and government officials..

Used cars are also among the leading imports in many African countries, and governments will have to wean themselves off the associated tax revenues. There are other stumbling blocks: access to financing is limited, and countries that don’t host assembly plants must also be persuaded to limit used imports and reduce tariffs on African-made vehicles. That will be hard to do if the only outcome they see is higher sticker prices. “Everybody was laughing, saying China doesn’t need cars, they only need bicycles,” Schaefer said.

NEW DELHI (Reuters) - A U.S, plan to end stainless steel gold plated block engravable cufflinks preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two U.S, senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations, If President Donald Trump presses ahead with his plan to end the Generalized System of Preferences (GSP) for India, it could lose the status in early May, Indian officials have said, raising the prospect of retaliatory tariffs..

India is the world’s largest beneficiary of the GSP, dating from the 1970s, but trade ties with the U.S. have widened over what Trump calls its high tariffs and concerns over New Delhi’s e-commerce policies. “While we agree that there are a number of market access issues that can and should be addressed, we do remain concerned that the withdrawal of duty concessions will make Indian exports of eligible products to the United States costlier,” the senators, John Cornyn and Mark Warner, wrote.

“Some of these costs will likely be passed on to American consumers”, In their Friday letter, the co-chairs of the Senate’s India caucus of more than 30 senators called for withdrawal to be delayed until the end of India’s 39-day general elections, which began on Thursday, with stainless steel gold plated block engravable cufflinks results expected on May 23, Allowing for talks to continue beyond the elections would underscore the importance of the trade ties, presenting an opportunity to resolve market access issues and improve the overall U.S.-India relationship for years to come, they added..

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