African leaders yesterday urged the United States to renew the trade benefits programme giving duty-free access to billions of dollars of African exports for 15 years, saying it would help cement trade relations and boost development in the region.
South African President Jacob Zuma, one of nearly 50 African leaders in Washington to attend a three-day summit, said the renewal of the African Growth Opportunity Act (AGOA) when it expires next year, is one of the key issues for this week’s talks.
“Almost 95 per cent of South African exports receive preferential treatment under AGOA,” Zuma said at a U.S. Chamber of Commerce event, joining calls by the African Union for a 15-year extension.
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