South Africa Hopeful That US Trade Pact AGOA Will Survive

South Africa’s trade minister said he was hopeful a trade pact giving many African countries preferential access to the US market will be extended ahead of its expiry later this year.

“We haven’t given up on it,” Parks Tau told Bloomberg Television in New York on Tuesday, referring to the African Growth and Opportunity Act, which gives duty-free access to some key industrial exports. “We continue to lobby, both in the administration and in Congress. And we’re getting some sentiment that it would be ideal if it was extended. So, we have to continue to work hard.”