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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