Through AGOA, more than 600 US businesses operate in South Africa, and over 1.3 million jobs created
A South African delegation led by the Trade, Industry and Competition Department has met with members of the US Congress to discuss economic ties between the two countries and to advocate for the extension of the African Growth and Opportunity Act .
Trade and Industry Minister Parks Tau says that based on South Africa’s analysis, AGOA is likely to be extended despite the outcome of the upcoming US elections. He says the meetings took place on the sidelines of the 21st African Growth and Opportunity Act Forum in Washington DC and the 14th BRICS Ministers Meeting in Moscow, Russia.
Tau has emphasised that proposals presented by the SA delegation in the extension of AGOA include improved rules of origin, and adjustments to preserve regional value chains and enhance Africa’s manufacturing capabilities.
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