Western Cape Governemnt welcomes the extension of AGOA

The Western Cape Government has welcomed the extension of the African Growth Opportunity Act (AGOA).

COURTESY: PresidencyZA

The 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