Government’s actions make SA’s position in AGOA increasingly unstable
9 November 2023
Solidarity believes the South African government is missing the mark if they think the country’s position in AGOA, which forms part of American trade legislation, is safe and sound.
Although this US legislation’s positive impact on African economies was praised at the end of last week’s AGOA forum in Johannesburg, South Africa’s position is once again under fire.
According to reports, American Senator, Chris Coons, once again asked for the reconsideration of South Africa’s benefits in terms of the AGOA agreement.
The African Growth and Opportunity Act (better known as AGOA) grants qualifying African countries important access to duty-free exports to the US market. It is currently valid until 2025, but its extension depends on opinions within the US Congress.