SA secures Agoa benefits for 2025
Duty free access renewed for another year as the country prepares to strengthen trade ties with the US
23 December 2024 - 11:11
UPDATED 23 December 2024 - 12:34
SA has secured its African Growth and Opportunity Act (Agoa) benefits for another year, allowing duty-free access to US markets in 2025.
Agoa requires US legislators to conduct annual eligibility reviews of beneficiaries. For SA, retaining its status as a beneficiary is crucial as Agoa provides preferential access for about 20% of the country’s exports to the US, or 2% of its shipments globally. ..
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