Copyright Amendment Bill an issue for trade between SA and US
SA’s preferential market access to the US is under review with the department of trade and industry planning to put a lot of effort into the relationship under Joe Biden
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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