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South Africa and Rwanda lose US duty-free access as AGOA trade program excludes them

By ChordNews · First written (updated )

South Africa braces for some job losses as AGOA ends
Image: france24.com
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Summary

Washington has decided to exclude South Africa and Rwanda from the African Growth and Opportunity Act (AGOA), ending their duty-free access to the US market. South African and Rwandan exporters are weighing potential job losses and squeezed margins, and France 24 reports that South Africa is bracing for some job losses as AGOA ends for the two countries. Economists cautioned against "alarmist" reactions and argued that the broader economic fallout will likely be limited.

This continues an earlier story: US moves to strip South Africa and Rwanda of duty-free trade access

Timeline

  1. France 24

    Source ↗

    France 24 reports that South Africa is bracing for some job losses as Rwanda and South Africa lose their duty-free access to the U.S. market after being excluded from the AGOA trade program.

  2. France 24

    Source ↗

    France 24 reports that South African and Rwandan exporters are weighing potential job losses and squeezed margins after Washington excluded them from AGOA, and that economists warned against "alarmist" reactions and argued the broader economic fallout will likely be limited.

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