African manufacturers welcome US trade deal, call to finalise it

South Africa backs extension of US–Africa trade deal as companies brace for tariff pressures

South Africa has welcomed a move by the United States Congress to extend a key trade preference program for African countries, describing it as an important source of short-term relief for exporters facing higher costs amid new US tariffs. The development comes at a time of strained political relations between Pretoria and Washington, underscoring the continued economic interdependence between Africa’s most industrialized economy and the world’s…

African manufacturers welcome US trade deal, call to finalise it

African manufacturers on Wednesday welcomed US lawmakers' approval for renewing their duty-free access but called for urgency in finalising the deal.

House Passes Africa and Haiti Trade Preference Programs

(NAFB.com) – The House of Representatives passed a three-year extension of preferential trade programs for sub-Saharan Africa and Haiti. The legislation, passed by a strong bipartisan vote, lowered trading barriers for emerging economies. Lawmakers voted 340-54 in favor of renewing the African Growth and Opportunity Act. They also passed the Haiti Economic Lift Program Extension Act 345-45. Both programs expired on September 30, 2025. The progra…

Agoa renewal brings relief

The US Congress has approved a three-year extension of the African Growth and Opportunity Act (Agoa), a development government and industry players say provides reassurance for local exporters who faced possible loss of duty-free access to the US market. The trade pact, which provides Malawi and other sub-Saharan African countries with duty-free access to the US market, lapsed last October after a brief expiration, prompting concerns that the de…

South Africa favors US trade deal extension

South Africa 's trade minister has stated that a short-term extension of AGOA will offer crucial relief to businesses Read Full Article at RT.com