South Africa Free Trade Agreement With Us

Commodity data compiled by the World Trade Atlas. U.S. imports for consumption, expressed in customs value; U.S. domestic exports as SAV (next to the ship) value. The United States is a party to many free trade agreements around the world. In 2003, the two countries failed to reach a trade agreement with mutual accusations. After the African Growth and Opportunity Act (AGOA), trade between the two countries flourished. Introduced in 2000 by the Clinton administration, it allows African countries to export duty-free to the U.S. market, provided they meet certain governance criteria.

In 2018, two-way trade amounted to $18.9 billion, with South Africa running a trade surplus of $2.1 billion. As the race for the White House continues, agriculture leaders say a victory for Democrat Joe Biden will strengthen and accelerate trade relations between South Africa and the United States. Right now, the race between Donald Trump and Biden depends on tight races in the battle states. Trump has already falsely claimed victory, while Biden for patience and every… The evolution of the U.S. trade position vis-à-vis South Africa is a consequence of global changes and specific factors for South Africa. AGOA was born during the height of globalization and at the height of the U.S. economic boom. Since then, the global economic environment has deteriorated, strengthening the influence of trade protectionists in the United States.

After nearly three years of slow and stagnant negotiations, representatives of U.S. trade representatives and SACU cancelled free trade negotiations in April 2006 for a longer-term trade and investment plan. On 16 July 2008, they signed an agreement on trade, investment and development cooperation (TIDCA), the first of its kind. TIDCA would be a formal mechanism for the United States and SACU to negotiate trade agreements that could serve as a cornerstone for a future free trade agreement. The agreement will also allow both sides to work on key issues in their exchanges, such as trade facilitation, technical barriers, investment promotion and health and plant health standards12 On 16 December 2002, the Inter-Institutional Staff Committee for Trade Policy held a hearing chaired by the USTR to obtain public comment on the negotiating positions of the proposed agreement. Several groups representing retailers, grocers and metal importers supported the reduction of U.S. tariffs on SACU products that would result from a free trade agreement. Other representatives from the service and recycled clothing sectors supported negotiations to remove tariff and non-tariff barriers in the SACU market. However, other groups have refused to further open U.S. markets to SACU products or have requested exemptions for their products. These include California peach and apricot producers and processors, the American Sugar Alliance, rubber shoe manufacturers, and manufacturers of silicon and manganese aluminum bricks.

The first round of negotiations on the SACU Free Trade Agreement began on 3 June 2003 in Johannesburg, South Africa. Initially, negotiations were to be completed by December 2004, but the deadline was extended to the end of 2006, after negotiations ended at the end of 2004 and the resumption at the end of 2005. Discussions were slow until April 2006, representatives of the United States and SACU decided to suspend the negotiations and begin a long-term joint work programme. On 16 July 2008, USTR Susan Schwab signed an agreement on Trade, Investment and Development Cooperation (TIDCA) with SACU trade ministers. SACU is the Second largest trading partner of the United States in Africa, after Nigeria, whose exports are almost exclusively petroleum products. In total, SACU is the 33rd largest trading partner of the United States. Imports from SACU amounted to 10.0 billion doll

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