led trade bloc move closer to deal as Pretoria weighs higher car import duty

India, South Africa-led trade bloc move closer to deal as Pretoria weighs higher car import duty India and SACU will sign the framework for trade talks on August 12, with New Delhi seeking easier market access for cars, auto parts and pharmaceuticals. By Abhimanyu Sharma India and the South African Customs Union (SACU) have finalised the Terms of Reference (ToR) for negotiations on a Preferential Trade Agreement (PTA), with the two sides scheduled to sign the framework in New Delhi on August 12. Negotiations are expected to begin within a month of the signing and conclude within a year, according…