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South Africa's trade minister says trade dispute with U.S. resolved

Staff writer |
South Africa has resolved a dispute with the United States over farm exports, allowing agricultural goods to be exported to the world's top economy without penalties, the trade minister said.

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U.S. President Barack Obama said on November 5 that he would revoke the duty-free status of South African agricultural produce unless Pretoria took action by the end of last year to loosen restrictions on U.S. farm exports.

South Africa's Trade Minister Rob Davies said "we think we have cracked the deal" and felt South Africa would remain in AGOA but they were waiting for confirmation from the U.S.

At stake is South Africa's membership of the African Growth and Opportunity Act (AGOA), a U.S. trade agreement designed to help African exporters.

"We look forward to a strengthening of relations, not just to going back to where they were. We have succeeded in achieving a balance in maintaining the trade opening with the U.S. and the animal health in South Africa," Davies told reporters in the capital Pretoria.

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