Showing posts with label South African Goods. Show all posts
Showing posts with label South African Goods. Show all posts

Monday, January 4, 2016

US set to reimpose tariffs on South African Goods

US President Barack Obama is set to announce as early as Monday that he is suspending duty-free treatment of South African agricultural products under the African Growth and Opportunity Act (Agoa).
Trade and Industry Minister Rob Davies.
SA exports at risk, which include citrus, macadamia nuts and wine, were valued in the first 10 months of last year at more than R2bn, according to US trade data.

Mr Obama’s expected move reflects deep frustration with what the White House and members of Congress, including long-time allies, see as Pretoria’s failure to meet mutually agreed benchmarks for lifting bans on US poultry and beef, nominally imposed to protect the health of SA consumers and livestock.
Agoa, first adopted in 2000, grants African countries privileged access to the US market on certain conditions, including that they make "continual progress" towards eliminating barriers to US trade and investment.

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