ANALYSIS – Why AGOA is vital for South Africa’s Economy
Loading player...
GUEST – Alan Mukoki - Chief Executive Officer - South African Chamber of Commerce and Industry (Sacci)
AGOA remains the cornerstone of Africa-U.S. preferential market access, and the legislation accounts for virtually all of Sub-Saharan Africa’s non-MFN exports to the U.S. Through AGOA, beneficiary countries only still face approximately 300 residual tariff lines that are not duty-free on entry into the U.S. In order to qualify for preferences, (a) a country must be a current AGOA beneficiary, (b) the product must be eligible for AGOA preferences as per the relevant special program indicator in the U.S. tariff book, and (c) products must originate in AGOA beneficiary countries in accordance to the rules of origin.
AGOA remains the cornerstone of Africa-U.S. preferential market access, and the legislation accounts for virtually all of Sub-Saharan Africa’s non-MFN exports to the U.S. Through AGOA, beneficiary countries only still face approximately 300 residual tariff lines that are not duty-free on entry into the U.S. In order to qualify for preferences, (a) a country must be a current AGOA beneficiary, (b) the product must be eligible for AGOA preferences as per the relevant special program indicator in the U.S. tariff book, and (c) products must originate in AGOA beneficiary countries in accordance to the rules of origin.
