JOHANNESBURG – South Africa's booming automotive industry, dominated by foreign auto makers such as DaimlerChrysler AG, Volkswagen AG and BMW AG, will benefit from the elimination of tariffs on exports to the European Union, South African car industry executives say. The EU and South Africa this month have reached an agreement to phase out all tariffs on South African automotive imports to EU member countries by 2010, bringing to an end five years of haggling over a trade deal. In turn, ...
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