IT seems that britain's unplanned exit from the EU group
will inevitably result in the loss of gob especially in the south african car industry,
if britain leaves the european union whthout an agreement we could removea whole teamthe chief excutiveof the south african carmacer volksvagen in south african told deutsche presse-agentur dpa
the comments come agenst the packdrop of the eu-south africa economic partnership agreement under wich volksvagen exports about 50 000 POLO cars from south african to britan every year whithout customs
according to the agreement the value addin africa should not be less than 60%
SO far the components from the EU into AFRICA have also been included in this added value
If BRITAIN leaves the EU without an agreement the UK will not benefit from the EPA
if the components from the eu are not included in the added value anymore it threatens customs in both directions by 10-20 %
wich means an increase in car prices for example by about 2000euros depending on the modele
this will inevitably lead to a lack of demand and decline in car exports from south africa and at worst will lead to a decline in the export of polo cars perhaps to less than 30 thousandcar annually
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