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SA expected to retain AGOA status despite differences with US


The Agricultural Business Chamber of SA (Agbiz) says the African Growth and Opportunity Act (AGOA) status for the country will likely be renewed, despite recent geopolitical differences with the United States.

It says South Africa's participation in AGOA, a trade program offering duty-free US market access, has been under review.

An important indicator of its renewal is the upcoming AGOA Forum in Johannesburg from 1 to 4 November.

Agbiz says the U.S. values South Africa's role in supplying raw materials and seeks to boost its manufacturing sector.

It says in addition, South Africa aims to extend AGOA membership and strengthen its investment ties with the U.S. to support industrialization in Africa.

The two countries have a significant economic relationship, with South Africa being an essential trade partner, especially in terms of exports to the U.S.