SA is apprehensive about striking a new trade deal with the US and would rather maintain existing relations with the world’s largest economy, Lionel October, the director-general of in the department of trade, industry and competition has said.

SA is currently party to the Generalised System of Preferences (GSP) and the African Growth and Opportunity Act (Agoa), which together allow most Sub-Saharan African countries duty-free access to the American market for almost 7,000 products. Agoa is due to expire in 2025, while Richard Neal, the chair of the US  House of Representatives’ ways and means committee, has called for the GSP — the US’s oldest and largest trade-preference programme for the world’s poorest economies — to be updated...

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