South Africa Says It’s Hopeful US Trade Pact AGOA Will Survive
South Africa's trade minister expressed optimism that the African Growth and Opportunity Act (AGOA), a trade agreement that provides duty-free access to the US market for certain African countries, will be extended before its expiration in late 2023. AGOA has been in place since 2000 and has played a significant role in boosting trade and economic growth in Africa. The minister's comments come amidst concerns about the future of the agreement, as the US Congress must decide whether to renew or modify it. South Africa, one of the major beneficiaries of AGOA, is eager to see the pact continue, as it has helped the country's exports and economic development. The renewal of AGOA is crucial for many African nations, as it provides them with an important economic opportunity and access to the large US consumer market.
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