Cape Town — Last December's U.S.-African Leaders' Summit, hosted by President Joe Biden in Washington, DC, has helped re-establish ties and strengthen business relationships, according to senior American officials who briefed reporters and offered an assessment of progress made in the six months since the well-attended event took place.  

Trade, Competition and Industry Minister Ebrahim Patel has again expressed optimism that South Africa will be able to convince the US Congress to extend South Africa’s designation as an African Growth and Opportunity Act (Agoa) beneficiary beyond 2025, when the unilateral trade programme is due to expire.

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The Western Cape Provincial Parliament has passed a binding resolution confirming the province’s commitment to securing South Africa’s inclusion in the African Growth and Opportunity Act (Agoa).

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New trade deals with Asian and Middle Eastern markets are still many years away - so South Africa needs to protect its AGOA access, writes Wolfe Braude.

International Trade is the bedrock of human progress, and a country cannot lead or stay with the tide of progress if it closes its doors to its neighbors. This unfortunately has been the case with countries within the African continent, which have traditionally imposed more restrictive trade measures on other African countries, preferring to trade with non-African countries.
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