South Africa prepares for possible loss of US trade benefits

· Trade · South Africa · United States

South African President Cyril Ramaphosa said the country must prepare for its potential exclusion from the US duty-free trade initiative AGOA as relations between Washington and Pretoria have soured.

Why it matters:Losing AGOA access would hit South African exporters and mark a significant rupture in US-African trade relations.

Key points

  • Ramaphosa said South Africa must prepare for exclusion from AGOA
  • Relations between Washington and Pretoria have soured
  • AGOA is a duty-free US trade initiative

Sources (original reporting)

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