Western Cape Governemnt welcomes the extension of AGOA
The Western Cape Government has welcomed the extension of the African Growth Opportunity Act (AGOA).
COURTESY: PresidencyZAThe American Government has introduced legislation that will allow for the extension of the act. The Act is believed to have economic benefits for several African countries.
A large percentage of South Africa’s agricultural exports
rely on the programme. The AGOA preferential trade programme came into effect
in 2000.
Western Cape Premier Alan Winde says the extension of Agoa
is a step in the right direction.
“This is a step in the right direction. AGOA has been
critical for the Western Cape and South Africa. It has benefitted and boosted
the Western Cape’s economy, particularly the province’s job-creating agriculture
sector and extending the programme will go a long way in furthering our
province’s promising growth,” the Premier said.
“As the WCG, we have been working hard to protect our
economic ties and benefits with the US and other international partners. This
essentially means tens of thousands of jobs - both here and in the US - are
protected, and many more will be created. The WCG remains committed to adhering
to the eligibility requirements of AGOA,” the Premier concluded.
Done by: Alungile Njemla
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