Tau hails SA's retention of its Agoa benefits

Minister of Trade, Industry and Competition Parks Tau has hailed the United States' announcement that South Africa will retain its trade benefits under the African Growth and Opportunities Act (Agoa) for another year, saying this week that the move "provides a good basis to strengthen SA-US relations".

- Liesl Peyper

The Joe Biden administration announced the move at the weekend, just before US President-elect Donald Trump's inauguration next month.

This means SA has at least a year on the programme, but the government will be pushing to convince Trump in next year's review and in the run-up to the G20 Summit of world leaders in Joburg.

Under Agoa, SA, along with 31 other countries in sub-Saharan Africa, have duty-free access to US markets.