AGOA row: Implications for SA’s automotive industry

The Eurozone and the United States are South Africa’s largest export market for vehicles and related car components. Since the 2018, when the African Growth and Opportunity Act started, the growth in two-way trade in automotive products both in volume and value has been substantive. As South Africa’s future position in AGOA hangs in the balance, what implications will a loss of this preferential export act have on the local automotive sector? CNBC Africa is joined by Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers.