Agoa Trade Agreement South Africa

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In addition to national agency programs, the United States participates in several multilateral institutions that provide trade capabilities in Africa and other developing countries and indirectly support AGOA`s goals. The World Bank and regional development banks all provide assistance in building trade capacity, mainly in the form of loans. This is especially true for economic relations. Since 1994, trade and investment relations between the United States and South Africa have developed in a complex political and diplomatic context. This was the case: trade in Africa in the United States was also $29.4 billion in 2000 and $94.3 billion in 2011, after increasing by 221%. In 2000, trade with Africa accounted for 1.5% of U.S. world trade, and Africa`s share rose to 2.6% in 2011. U.S.-Africa trade peaked at $104.7 billion in 2008. H.R. 656 (introduced on February 11, 2011) orders the President in part to create a special representative for U.S. and African Trade, Development and Diaspora Affairs at the State Department. The representative`s role would be to promote trade and investment relations between the United States and Africa; facilitate international learning exchanges Creating a database for information exchange And consultations with African governments, the private sector and United Nations agencies on economic development in Africa.

This bill is currently in committee. Disagreement between the United States and the Mandela government over its relations with Cuba, Libya and Palestine; But U.S. trade policy toward South Africa is changing. This is underlined by the fact that, although the United States has incorporated South Africa into the revised AGOA, it has done so under strict conditions. This included the provision that South Africa`s trade and investment policy should be reviewed within 30 days of the implementation of AGOA. If the audit reveals that the South African market is not sufficiently open to U.S. products, the United States could restrict agoA`s benefits in South Africa or suspend its participation in the regime. It is significant that the revised AGOA did not foresee any improvement in the access of South African products to the U.S. market. The White House, U.S. Strategy Towards Sub-Saharan Africa, June 2012, p.

4, As noted above, AGOA encourages the development of links between U.S. companies and SSA companies in the private sector. To this end, USAID is funding an international business linkage program, South African International Business Linkages (SAIBL), implemented by the Corporate Council on Africa. SAIBL helps black South African companies develop business plans, obtain certification from the International Organization of Standards (ISO), participate in U.S.-led trade delegations, trade shows in the United States, and identify export financing from the public and private sectors. It also supports U.S. companies by identifying trade and investment opportunities in South Africa, controlling the United States.