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U.S. Says South Africa May Lose AGOA Trade Benefits in March

  • Obama statement comes despite resolution of trade dispute
  • U.S. seeks implementation of meat pact to avoid suspension
Updated on

South Africa may lose duty-free access for its farming exports to the U.S. by the middle of March if it fails to implement an agreement on meat trade with the world’s biggest market.

The U.S. will suspend South Africa’s preferential access for agricultural products under the African Growth and Opportunity Act from March 15, according to a proclamation issued on Monday by President Barack Obama.