economy
January 15, 2026
South Africa favors US trade deal extension
South Africa ‘s trade minister has stated that a short-term extension of AGOA will offer crucial relief to businesses
TL;DR
- US House of Representatives passed a bill to renew the AGOA trade program for three years.
- South Africa, the largest beneficiary of AGOA, sees the renewal as providing relief from higher tariffs.
- Ties between South Africa and Washington are strained due to foreign policy disagreements and US accusations.
- Bilateral trade between South Africa and the US reached $15 billion in 2024, with South Africa holding a surplus.
- Pretoria is committed to engaging with Washington on trade and investment, including reciprocal tariff agreements.
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