http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.06
R/$ = 11.56Change: 0.01
Au 1262.45 $/ozChange: 3.15
Pt 1228.50 $/ozChange: 11.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 05, 2014

Davies positive about SA's future in Agoa

Back
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
|Africa|Africa|||||
washington|africa-company|africa|america|south-africa|united-states|product|barack-obama|jacob-zuma|john-kerry|rob-davies|subsaharan-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)
 
 
 
 
 
 
 
 
 
Latest News
SAA acting CEO Nico Bezuidenhout, Finance Minister Nhlanhla Nene and SAA chairperson Dudu Myeni
Finance Minister Nhlanhla Nene has assured that loss-making national carrier South African Airlines (SAA) will not receive another bailout from government, noting that the most recent R6.4-billion government guarantee had only been provided in support of an intensive...
South Africa's cumulative trade deficit was R95.3-billion in 2014, the South African Revenue Service (Sars) said on Friday. In 2013, it was R71.4-billion, Sars said in a statement.
Certain regulatory approvals remain outstanding in Telkom’s proposed R2.67-billion takeover of JSE-listed Business Connexion (BCX), the parties said in an update to shareholders on Friday. BCX noted in the statement that the Competition Authority of Botswana had...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
ASTRAPAK The group highlighted that executive strategic interventions and other group-wide business improvement imperatives were progressing favourably
The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
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
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks