South Africa’s AGOA Status at Risk – SACCUSA Speaks with BizNews

The South African Chamber of Commerce in the USA (SACCUSA) remains deeply concerned about the growing threat to South Africa’s inclusion in the African Growth and Opportunity Act (AGOA) following a new letter from four U.S. members of Congress urging the White House to exclude South Africa from this crucial trade program.

In an exclusive interview with BizNews’ Bronwyn Nielsen, SACCUSA President Neil Diamond unpacked the economic risks and consequences of losing AGOA benefits. AGOA has been a critical economic lifeline, providing South African businesses duty-free access to U.S. markets, supporting thousands of jobs, and fostering strong trade relations between our two nations.

Exclusion from AGOA would have severe economic repercussions, particularly for industries that rely on export-driven growth and investment. SACCUSA remains fully committed to advocating for South Africa’s continued participation in AGOA. We are actively engaging with U.S. policymakers, business leaders, and trade stakeholders to reinforce the importance of maintaining strong bilateral economic ties and ensuring that trade is prioritized over political tensions.

Now is the time for strategic engagement and leadership to protect South Africa’s place in AGOA. We call on businesses, industry leaders, and policymakers to join us in ensuring that trade continues to drive economic growth and stability.

Catch the full interview with BizNews for a deep dive into what’s at stake and how we can work together to safeguard South Africa’s access to AGOA.