Pulse.com.gh logo

Trade South Africa and US end farm trade dispute

South African's Trade Minister told reporters in Pretoria that "we think we have cracked the deal." 

  • Published: , Refreshed:
24/7 Live - Subscribe to the Pulse Newsletter!

South Africa has resolved a dispute with the United States over farm exports,  South Africa's Trade Minister Rob Davies has said.

The US threatened to end South Africa's farm product entering its market under its preferential trade programme over the latter's  refusal to allow the importation of American chickens.

South Africa has been under pressure to reach agreement with the U.S. to open its market to American chicken and beef products in order to retain preferential trade benefits under the African Growth and Opportunity Act (Agoa)

Davies told reporters in  Pretoria that "we think we have cracked the deal." 

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

The trade accord between the U.S. and 39 African countries eliminates import levies on more than 7,000 products ranging from textiles to manufactured items. To remain beneficiaries, countries are required to eliminate barriers to U.S. trade and investment, operate a market-based economy, protect workers’ rights and implement economic policies to reduce poverty, according to Bloomberg.

According to conservative estimate, the deal is worth more than $170m a year to South African farmers exporting citrus fruits, wine and nuts.

Davies told reporters 32,000 jobs depended on Agoa.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
2 Roshi Motman AirtelTigo CEO resignsbullet
3 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Menzgold Ghana Investment company closes down its Gold Vault...bullet
8 Fuel Price Hikes Fuel prices to drop again this weekbullet
9 Economy Bawumia must stop misleading Ghanaians over cedi...bullet
10 Economy Of Ghana No profit because of cedi...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
7 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
8 Support Finance minister buys Kantanka carbullet
9 Entrepreneurship How to be resourceful as an entrepreneurbullet
10 Bozoma Saint John 10 quotes from Uber top official,...bullet