Locked
South Africa risks losing its preferential market access to the US
South Africa is at risk of losing a part of its preferential market access to USA if trade policies disadvantage US exporters.
By Prinesha Naidoo
South Africa could lose part of its preferential access to the US if its trade policies disadvantage American exporters relative to their developed-nation counterparts, according to people familiar with the matter.
Thousands of South African products enter the world's biggest market duty free under the African Growth and Opportunity Act, or AGOA, and the so-called Generalized System of Preferences, or GSP. South Africa shipped goods worth more than $15 billion to America last year, with $2.7 billion's worth cleared under the two accords, US government data show.
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