Latest News for: Africa duty free


Tribunal dismisses abuse of dominance complaint brought by Nu Africa duty-free shops against Distell

Independent online (SA) 28 Sep 2023
The Competition Tribunal has dismissed an abuse of dominance complaint brought by Nu Africa duty-free shops against Distell ... Distell, in turn, manufactures liquor products and has supplied duty-free liquor to Nu Africa, in accordance with terms and conditions in a supply agreement.

Coega SEZ has several projects in its pipeline as it hits jobs milestone

Independent online (SA) 26 Sep 2023
... R577 million and further stimulate the growth and diversification of the local automotive value chain, as South Africa offers various incentives and benefits to investors, such as reduced corporate tax, duty-free imports, VAT exemptions, and infrastructure support,“ Coega said.

Adeyemo Urges Nigeria to Take Advantage of AGOA to Unlock Economic Growth

This Day 20 Sep 2023
The government of the United States of America (USA) yesterday, advised Nigeria to position itself properly so as to take advantage of the Africa Growth and Opportunity Act (AGOA), which provides eligible African countries with duty-free access to the U.S.

Risk of SA being kicked out of Agoa has receded, says Sim Tshabalala

Business Day 07 Sep 2023
Tshabalala, who heads Africa’s biggest bank by assets, pointed to the ... Agoa has since 2000 been the US’s primary economic policy tool in Africa, offering qualifying African countries duty-free access to the US market for many goods. The current agreement expires in 2025.

Automotive sector warns SA must not lose its Agoa ties

Independent online (SA) 01 Sep 2023
The benefits stemming from Agoa for South Africa were much broader than the mere duty and quota-free access into the US. It also stimulated opportunities for a chain of collaborative arrangements with manufacturing companies from sub-Saharan African countries, to access the US duty free.

SA’s relations with the US, AGOA remain vital

Independent online (SA) 17 Aug 2023
The action of these congressmen has raised speculation that South Africa may be excluded from participating in AGOA, which grants duty-free preferential access to the US market for more than 1,800 products from sub-Saharan African exporters ... currently being traded across Africa.

Malawi to increase exports to China, says minister

Beijing News 28 Jul 2023
Under the framework of the Forum on China-Africa Cooperation, China has been granting duty-free treatment to most of Malawian products exported to China since July 2008, and now more than 97 percent of ...

South African Business Groups Concerned as US Reviews Trade Program

Beijing News 12 Jul 2023
Johannesburg, South Africa - South African business groups are pushing the government to make strong diplomatic efforts to ensure the country is not stripped of its duty-free access to the U.S ... senators recently questioned South Africa's status under the African Growth and Opportunity Act, citing Pretoria's ties with Moscow ... tariff-free program.

Africa: The Future of US-Africa Trade and Investment [Executive Summary]

All Africa 12 Jul 2023
Gaborone -- AGOA gives duty-free access to the US market for eligible countries in sub-Saharan Africa, aiming to promote African economic development alongside market liberalization and democratic governance ....

What would US sanctions mean for SA businesses?

Independent online (SA) 05 Jul 2023
While there have been many treatises written about the accuracy of this statement, current events playing out in South Africa prove that it is at least half true ... The AGOA Act provides duty-free access to the US trade market for about three dozen African nations. South Africa exported about R60 billion worth of goods to the US through AGOA last year.

‘South African government should clarify its stance on Russia’

Fresh Plaza 04 Jul 2023
This legislation provides duty-free access for certain African countries, including South Africa, to the giant US market ... Billions of rands of economic activity and tens of thousands of jobs in South Africa depend on those exports.

Feathers fly as Agoa poultry pros and cons come under the spotlight

Independent online (SA) 30 Jun 2023
South African Poultry Association (Sapa) CEO Izaak Breitenbach said the industry did not export to the US, but that as part of the Agoa agreement, South Africa allowed duty free chicken imports ... South Africa's poultry export market potential, currently only serviced at about 26 ...

SA’s stance on Russia not linked to Agoa - Ntshavheni

Independent online (SA) 30 Jun 2023
Agoa is the US trade preference programme for Africa that allows hundreds of duty- and quota-free exports from eligible African countries into the US ... Continental Free Trade Area agreement, as well as the reciprocal trade policies promoted by the US’s Prosper Africa initiative.

African Peace Mission to Ukraine and Russia but guns still not silent on the continent

Independent online (SA) 26 Jun 2023
While many have been unsatisfied with the incapacity of the AU to act as an effective African Agency, the regional institution still has the legitimacy to act on behalf of continental Africa ... South Africa may be disqualified from benefiting from the duty-free access to the US market for its products.