R/€ = 14.93Change: 0.06
R/$ = 14.01Change: 0.08
Au 1079.54 $/ozChange: 3.48
Pt 847.50 $/ozChange: 5.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Aug 05, 2014

Davies positive about SA's future in Agoa

Trade and Industry Minister Dr Rob Davies
Photo: Duane Daws
Trade and Industry Minister Dr Rob Davies
Washington|Africa|Africa|America|South Africa|United States|Product|Barack Obama|Jacob Zuma|John Kerry|Rob Davies|Sub-Saharan Africa

Trade and Industry Minister Dr Rob Davies was positive about South Africa's future in the African Growth Opportunity Act (Agoa) following a ministerial meeting in Washington on Monday.

"What we heard today is positive, it does create a basis for us to move further forward in our co-operation with the US," he told reporters after the meeting.

"We weren't talking about any particular country but there was no idea that any of us were going to be excluded either."

Davies said the discussions at the meeting had been more general but South Africa was "part of the story".

The final decision on whether to renew the Agoa, which was first signed in 2000, would be made by the US Congress next year.

Representatives from Congress were present at Monday's meeting where statements were made by the African countries involved, US State Secretary John Kerry, and a US trade representative to name a few.

Agoa is a non-reciprocal prefer trial scheme, which applies only to US imports from eligible Sub-Saharan Africa countries.

A South African delegation, led by President Jacob Zuma, was in America attending a three-day US-Africa summit, which was initiated by President Barack Obama. This is the first summit of its kind.

Agoa was one of the key issues to be discussed at the forum.

Around 40 Sub-Saharan countries, which were part of the Agoa, wanted the act to be renewed for another 15 years, saying it would have a positive effect on investor confidence.

"People from both sides of the [US Congress] isle... all unanimously expressed the view that they would be supporting the reauthorisation of Agoa and more or less in its current form," Davies said.

"There was a high level of consensus around some very fundamental principles."

The US administration told the meeting that it would look at the possibility of improving the product coverage of Agoa.

He said it was also willing to look at the rules of origin, with the view of simplifying the rules of the act.

It was agreed that Agoa had brought benefits to African countries and also to the US.

There had been some concern from Congress about how some of South Africa's legislation would affect meat and poultry and the issue of ownership.

Davies said these issues were discussed and some compromises were made.

In terms of beef and pork, it was agreed that certain restrictions would be lifted on specific cuts of meat.

With poultry it was decided that the industry in South Africa and the industry in the US would engage on an association to association level.

"We don't think the Agoa is broken and we don't need to fix it. That appears to be the consensus," he said.

Edited by: Sapa
Comment Guidelines (150 word limit)
Other Trade News
PROGRESS IMPEDIMENT The current lack of clean fuels legislation and clean fuel availability influences the introduction of new, lower carbon emission truck models and technologies
Driving the introduction of clean fuels legislation, which will facilitate the use of extra-heavy and heavy commercial vehicles emitting low-carbon emissions, and the localisation of some truck parts and components, are key areas being pursued by the Heavy Commercial...
MULTIFUNCTIONAL DEMAND An increase in the sale of multifunctional trailers can be attributed to shorter transporting contracts and the increasingly varied nature of transported cargo
In its drive to become a “one-stop truck and trailer shop”, local commercial trailer manufacturer Paramount Trailers has invested more than R40-million in two new divisions – Paramount Trucks, and a service, repair and refurbishment factory – at its 75 000 m2...
EMPOWERED USE Telematics technologies ensure full visibility of fleet vehicles at any time to allow for the early detection of potential theft or hijacking, thereby enhancing security
The increasing number of truck hijackings in South Africa has resulted in its telematics market maturing at a rapid pace. Telematics technologies ensure full visibility of fleet vehicles at any time to allow for the early detection of potential theft and are,...
Latest News
Maurice Radebe
Imported liquefied natural gas (LNG) is expected to initiate the greater use of gas in South Africa’s currently coal-dominated electricity generation. Anticipated is the establishment of infrastructure at South African ports, such as Saldanha Bay, Coega or Richards...
As South Africa battles water restrictions precipitated by the El Niño phenomenon, aged infrastructure, above-average temperatures, below-average rainfall and climate change, industry stakeholders have called for a collaborative water stewardship approach that will...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
Additive manufacturing, better known as 3D printing, has the potential to completely change the relationships between individual consumers, professional designers and manufacturers. So argued Loughborough University Reader in Computer Aided Product Design Dr Ian...
Airbus Defence and Space: Military Aircraft has highlighted that its A330 Multirole Tanker Transport (MRTT) has significant commonalities with the Airbus A330-200 commercial airliner, upon which it is based. The South African Air Force (SAAF) once operated a fleet of...
Financial services provider Nedbank launched the second edition of its Carbon Footprinting Guide earlier this month, which is aimed at demystifying carbon footprint approaches and help readers grasp the main concepts of carbon measuring, monitoring, reporting and...
This year marks the thirtieth anniversary of Caterpillar’s first backhoe loader. This also coincides with the worldwide release of its latest-generation F2 series backhoe loader, which was launched at supply chain services company Barloworld Logistics’ Big Dig Day in...
BARRY DWOLATZKY The CPD programme provides advanced skills required locally, and provides a stepping stone to Wits University’s Master of Engineering degree in software engineering
A shortage of software engineers is leading to fewer information technology (IT) projects in private and public sector organisations. This also places a dampener on the economy, as IT is an integral part of business and civil service, says University of Witwatersrand...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96