Africa: SA Trade Minister Parks Tau Urges Us to Extend Agoa to Help Africa Industrialise

25 July 2024
Daily Maverick (Johannesburg)
By Peter Fabricius

Minister Parks Tau is also holding meetings in Washington with Biden administration officials to try to ensure that South Africa is not dropped from the trade agreement.

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Listen to this article 8 min Listen to this article 8 min New Trade, Industry and Competition Minister Parks Tau has called for an extension of the US African Growth and Opportunity Act (Agoa) when it expires next year to provide long-term certainty to investors in Africa and to traders between the continent and the US.

He was speaking at the annual Agoa Forum, which this year is being held in Washington, DC, to chart the course forward for Agoa. Since 2000, Agoa has provided duty-free access to the US market for the exports of eligible sub-Saharan African countries, including SA.

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Register Here Tau said by providing long-term certainty to investors and traders, extending Agoa and its duty-free access to the US market would also help African countries to plan ahead and industrialise.

"In many ways, African countries are demonstrating increased improvement in the levels of value chain integration,...

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