Latest News for: Africa duty free


South African Rand Plunges to New Low After Benchmark Interest Rate Is Raised to 14-Year High

Bitcoin 29 May 2023
The South African fiat currency’s exchange rate versus the U.S ... allegations that South Africa had supplied weapons to Russia, which invaded Ukraine in February 2022. The allegations have raised fears that the United States might block South Africa’s access to the African Growth and Opportunity Act (AGOA) preferential duty-free market ... ....

LETTER: Local poultry needs a leg-up

Business Day 25 May 2023
I have been living in Sydney for the past few months and have avidly followed news relating to the headwinds facing the poultry industry in South Africa ... Of interest is the fact that Australia doesn’t believe in levying high tariffs on the products it imports, and most are duty free. General sales tax is 10%, whereas VAT in South Africa is 15%.

2023 MEADFA Conference to be held in Ghana

TravelDailyNews 23 May 2023
The Middle East and Africa Duty Free Association (MEADFA) announce that the MEADFA Conference is taking place at the Kempinski Hotel Gold Coast City in Accra, Ghana from 19th to 21st November, making it the first time this annual event is being hosted in West Africa.

“Mischief-making” in Pretoria, Moscow and Washington: The Fog of War, Military Profiteering and South Africa’s ...

GlobalResearch 22 May 2023
And will any of these factors threaten the single largest component of South Africa’s export trade, the African Growth and Opportunity Act duty-free imports to the United States, worth several billion dollars last year alone? ... imported $1.6 billion duty free under AGOA in 2022), ...

Mufamadi says SA will protect its relationship with US amid arms supply claims

Eye Witness News 15 May 2023
National security adviser Sydney Mufamadi said it's important to make sure the country remains a beneficiary of the African Growth and Opportunity Act (Agoa), which provides duty and quota-free access to many products that South Africa exports to the US ... Africa exports to the US.

Rand falls to all-time low against US dollar

Independent online (SA) 15 May 2023
South Africa’s recent grey-listing in February did not help the country’s investment case, and this was true also of escalating load-shedding stages ... The US is South Africa’s largest trading partner, with the Africa Growth Opportunity Act benefiting South African exporters through duty-free commodity exports.

Agbiz warns about trade implications of diplomatic spat

Independent online (SA) 15 May 2023
“While this unfolds, it is worth briefly looking at South Africa's economic ties with the rest of the world. South Africa benefits immensely more from trade with the US than Russia ... These products benefited from duty-free access to the US under the African Growth and Opportunity Act (Agoa).

US accusations ignite currency chaos: South Africa’s Rand plummets amid explosive Russian arms scandal

Cryptopolitan 14 May 2023
ambassador to South Africa accused the country of secretly supplying weapons to Russia ... Dire consequences for South Africa ... government may respond by blocking South Africa’s access to American markets, which could lead to the loss of preferential duty-free market access under the African Growth and Opportunity Act (AGOA).

SA-Russia alleged arms deal could threaten economic ties between US and SA

Eye Witness News 12 May 2023
The US ambassador to South Africa claimed that a Russian cargo ship left the Simon's Town navy base camp in Cape Town last December with arms on board in a bid to assist Russia in its invasion of Ukraine ... THE ECONOMIC RELATIONS BETWEEN US AND SOUTH AFRICA ... This permits South Africa to export more than 7,000 goods to the US duty-free.

The United States has accused South Africa of supplying munitions to Russia. The Ambassador of ...

The Eastern Herald 11 May 2023
The United States has accused South Africa of supplying ammunition to ... AGOA is a unilateral trade preference program introduced under the administration of Bill Clinton in 2000, under which goods originating in sub-Saharan Africa are eligible for duty-free access to US markets.

Investors covet real estate, energy, manufacturing et al

B & FT Online 09 May 2023
Partnership with Pan Africa B2B ... With implementation of the Africa Continental Free Trade Area (AfCFTA), the world’s biggest duty-free trade zone, he said Ghana can be the gateway for Caribbean investors looking to exploit business opportunities on the continent ... “I think more countries need to examine the trade arrangement here in Africa.

Putin poses arrest dilemma as South African opposition says if Russian-friendly government won't act, it will

Yahoo Daily News 07 May 2023
... the West by walking about in South Africa as free as a bird ... is frustrated, particularly by the Putin arrest saga, and may choose to drop South Africa from the AGOA trade agreement, where Washington gives products ranging from oranges to cars duty-free status on sale into the U.S.

Taking stock of America’s flagship trade programme for Africa

Live Mint 21 Apr 2023
... Clinton in 2000, granting duty-free access for more than 6,000 products from sub-Saharan Africa.
photo: Public Domain / High Contrast
The "Sleek Garments" Industry is a beneficiary of USAID and AGOA support in Accra, Ghana.

U.S.-Africa duty free program has had mixed results -trade panel report

Reuters 18 Apr 2023
trade preference program for Sub-Saharan Africa has been successful for ... But over three quarters of duty-free non-petroleum exports to the United States under AGOA during 2014-2021 came from just five countries. South Africa, Kenya, Lesotho, Madagascar and Ethiopia, the report said.

EU nation bans Ukrainian grain

Russia Today 14 Apr 2023
Slovakia has destroyed a 1,500-ton shipment contaminated with a banned pesticide ... Ukrainian grain has been flooding the markets of Eastern Europe in recent months, after Brussels permitted duty-free imports from the country to help the products reach customers in Africa and the Middle East ... .

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President Tsai Ing-wen inspects the "Air Force Air Defense and Artillery Command", in Taiwan
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