🔒 According to an analyst, the UnitedStates has threatened SouthAfrica for at least seven years about removing it from the African Growth and Opportunity Act. 💵 US Agoa Russia Find out more here ⬇️
A failure to renew South Africa’s participation in the African Growth and Opportunity Act by the US government could have serious repercussions for the economy, according to an economics expert. However, political and diplomatic analysts say Washington is trying to bully SA over its nonaligned stand on Russia and the Ukraine war. Agoa University of Johannesburg associate economics professor Peter Baur warned that losing Agoa may translate into “quite a hard-hitting economic impact”.
However, political and diplomatic analysts say Washington is trying to bully SA over its nonaligned stand on Russia and the Ukraine war.University of Johannesburg associate economics professor Peter Baur warned that losing Agoa may translate into “quite a hard-hitting economic impact”. He added that he was concerned about “the possible contagion effect as other countries across the world, especially members of the EU may follow a similar line.National Association of Automobile Manufacturers of South Africa chief executive Mike Mabasa said he and Naamsa members were discussing the impact on the local vehicle manufacturing industry should the US remove South Africa from Agoa.
“Since the days of the Iraq War under Mbeki, the US has never taken cognisance of any ideas or advice put forward by SA as regards war and security. When SA opposed the invasion, it was ignored by both the US and UK – with disastrous consequences.“The US has threatened SA for at least seven years about removing it from Agoa. It is merely trying to bully SA.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa Live: US accuses South Africa of supplying weapons to Russia - BBC NewsA medical win for Tanzania! The country has opened its first bone marrow transplant centre in the capital, Dodoma. This marks a milestone for the country’s health sector and the unit will focus on treating patients with sickle cell.
Read more »
Only a return to first principles can repair South Africa’s amoral foreign policyOPINION | South Africa needs a moral compass in foreign policy. The only way we can have clarity and consistency is when we have a new government that understands how its constitutional principles should form the bedrock of all policy, domestic or foreign.
Read more »
On the Record 2023: A summit about South Africa's futureWhat do we need to steer SA in the right direction? Our award-winning journalists and editors will put some tough questions to our panelists at this year’s On The Record with News24 and Nedbank. Book your spot for our upcoming Cape Town event:
Read more »