New Free trade areas great news for import and export Smme's
Not only are most exporters laughing all the way to the bank with the weakening Rand but both export and import are soon to receive a huge shot in the arm with new free trade agreements with South America and India to be announced shortly. As those of you who have dabbled in the two above industries will know import tax really dies eat into your profit margins, no matter what product it is that you are importing or exporting.
This good news is also not just limited to entrepreneurs in the import and exports industries but also to our economy as a whole and consumers around the country. In an ideal world these savings in tax will be passed on to the consumer and not end up simply lining the pockets of the fat-cats.
We are happy to publish this article via Japan's Kyodo News. Happy trading!!
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