Trade
South African Envoy Sees Positive Signs in Key US Trade Talks
- The US is South Africa’s second-biggest trading partner
- US lawmakers favor extending preferential African trade deal
Shipping at the Port of Durban.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa is likely to maintain preferential trade access to the US market despite strained relations between the nations, according to an executive who represented the country at a forum in Washington this week.
“The signals were positive,” Stavros Nicolaou, the head of strategic trade at Aspen Pharmacare Holdings Ltd., said in an interview Friday. “The Americans understand South Africa has got to keep its sovereignty and independence, but there’s also a partnership that needs to be nurtured. It’s a longstanding partnership where both sides gain.”