US Senate moves to extend Agoa to 2028, offering South African exporters more trade certainty

Automotive sector to get boost The Motor Industry Staff Association (Misa) also welcomed the news of the extension’s approval by the US Senate, saying the move is encouraging for “South African exporters and the many workers whose livelihoods depend on healthy trade”.

South African exporters could get another two years of preferential access to the US market after the US Senate moved to extend the African Growth and Opportunity Act (Agoa) through to December 2028.” Danger without trade agreement with US Sihlobo, highlighting the importance of the trade agreement with the US, said that without Agoa, South African products exported to the US would typically face an additional tariff of around 3% (depending on the product) on top of the new tariffs, which are at 12.