Doing Business In (Insert Country Name Here)

AUTOS/LIGHT TRUCKS/VANS (AUT)OverviewReturn to top2004 estimate($million)2005 estimate($million)2006 estimate($million)Total Market Size 200 300 350Total Local Production 15 15 15Total Exports 0 0 0Total Imports 185 285 300Imports from the U.S. 20 30 30The above are unofficial U.S. Embassy estimatesDemand for vehicles in Angola is slated to grow by an annual 20 percent in the comingyears. Aside from a Yamaha motorcycle assembly plant, Angola currently has nodomestic assembly capabilities. Most vehicles are imported from South Africa, Europe,and Japan. Only 30 percent of imports are new cars. A Brazilian company, Troller, isbuilding a new car assembly facility with production expected to start in 2007. Angolaimported 72,000 passenger vehicles in 2005, of which 30 percent were new and 70percent used.Vehicles must be left-hand drive. Parts for Japanese cars, particularly Toyota, arecurrently the easiest to obtain. Import duties on vehicles are high, and when added toother taxes and fees, make up half of the car’s cost. New customs tariffs issued in early2005 raised rates on cars older than five years without changing rates on new cars.Buyers can finance auto purchases with bank loans.2/13/2007