The US House of Representatives supported the renewal of the African Growth and Opportunity Act - AGOA. AGOA provides African markets with duty-free access to the US market and has been utilised by South African automobile and product exporters.
Approximately 22% of South African exports to the US benefit from AGOA, resulting in billions of dollars in trade.
Estimates suggest that half a million South African jobs are dependent on AGOA. For more on this we speak to political economist, Dr Lebohang Pheko.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Approximately 22% of South African exports to the US benefit from AGOA, resulting in billions of dollars in trade.
Estimates suggest that half a million South African jobs are dependent on AGOA. For more on this we speak to political economist, Dr Lebohang Pheko.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
- Category
- South Africa
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- SABC News, actuality, world news
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