ECONOMY & TRADE
Ahead of South Africa hosting the US-Africa Trade and Economic Cooperation Forum – also called the Agoa Forum – from November 2 to 4, Trade, Industry and Competition Minister Ebrahim Patel on October 26 briefed the media on the state of readiness for the forum, expressing confidence that the South African government’s relations with the US were strong. Various South African stakeholders have been motivating for the extension and renewal of the African Growth and Opportunity Act (Agoa) US preferential trade framework for the next ten years; however, questions around South Africa’s dalliance with Russia amid its invasion of Ukraine have created uncertainty on whether the US will include South Africa in Agoa’s extension and renewal.
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