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