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AGOA trade program extended to 2028 for African exporters
The African Growth and Opportunity Act (AGOA), a US trade program providing duty-free access to sub-Saharan African products, has been extended until 2028. While this provides a reprieve for South African exporters, it falls short of the 15-year extension sought by Pretoria.
South African manufacturers and agricultural exporters face ongoing uncertainty. Although the extension avoids an immediate rupture, the US President maintains annual authority over AGOA eligibility. Additionally, a 12.5% tariff under Section 301 of US trade law has been applied to various South African goods since July 24, though certain items like precious metals and specific citrus products remain exempt.
Political tensions between Washington and Pretoria have complicated the commercial relationship. Disagreements regarding domestic policies have led to debates over whether South Africa should maintain its preferential trade status.
Entities
African Continental Free Trade Area · African Growth and Opportunity Act · Cyril Ramaphosa · South Africa · United States