Agoa forum: ‘Africa to assert its place in global economy’

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Agoa forum: ‘Africa to assert its place in global economy’
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African Growth and Opportunity Actsaid this on Thursday while updating the media on South Africa’s preparedness to host the forum, where African stakeholders will meet members of the US congress to discuss Agoa’s renewal.

South Africa’s non-aligned position on Russia’s invasion of Ukraine recently landed it in hot water with the US, after Washington’s envoy to the countryIn June, members of both the Democratic and Republican parties wrote to US Secretary of State Antony Blinken questioning South Africa’s eligibility for trade benefits under the Agoa, given the country’s perceived military ties with Russia. The letter also expressed concern about South Africa hosting the Agoa forum.

“It’s gone through many periods and it has remained intact, because there is strong mutual benefit to both South Africa and the United States in building and strengthening this relationship.” By subscribing, you become a valued member of the M&G community, actively championing independent journalism and enabling us to deliver the latest news directly to you.invites to subscriber only eventsThe minister of trade and industry said South Africa will keep an eye on superpower’s slowing growth, given its effect on the global economyThe Mail & Guardian is committed to providing all our readers with the best possible experience, please register your free account now.

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