Citing continued barriers to US exports in South Africa, President Barack Obama had earlier this month given Pretoria 60 days to resolve the impasse or face expulsion from the duty-free treatment of its farming exports under the African Growth and Opportunity Act (AGOA).
"This agreement signals another significant milestone in the process of securing AGOA for South African exporters into the US market," the trade and agriculture departments said in a joint statement.
AGOA was created in 2000 to help boost exports to the US from African countries deemed to be democratic and applying good governance. The loss of access to AGOA for South Africa would compound problems faced by its struggling economy.
In 2013, the country shipped $253 million worth of agricultural products to the US.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
