The United States has officially revoked the trade privileges previously granted to South Africa and Rwanda under the African Growth and Opportunity Act (AGOA). This legislative framework had historically permitted duty-free entry into the American market for over 1,800 distinct categories of goods. By facilitating these favorable conditions, the pact served as a significant driver for expanding commercial exchanges between the United States and participating nations across the African continent. The removal of these two countries from the program marks a notable shift in their current trade relationship with the world's largest economy, potentially impacting the volume and nature of future exports from these regions to the U.S. market.
Source : The Japan Times
Photo : The Japan Times
