South Africa and other eligible African nations received a significant lifeline on Tuesday with the announcement of a one-year extension of the African Growth and Opportunity Act Agoa.
According to Freight News, this extension comes after United States President Donald Trump signed the legislation earlier this week, pushing the trade pacts expiration date from 30 September 2025 to 31 December 2026, as confirmed by the US Trade Representative.
First enacted in 2000, Agoa allows over 1,800 products from eligible sub-Saharan African countries to enter the US market without tariffs, thus stimulating trade and job creation on the continent.
