Washington excludes South Africa and Rwanda from US duty-free trade deal
Summary
Washington excluded South Africa and Rwanda from the African Growth and Opportunity Act (AGOA), ending their duty-free access to the U.S. market under the program. Exporters in both countries are assessing possible job losses and lower profit margins, while economists say the wider economic impact is likely to be limited.Key Facts
- The United States excluded South Africa from AGOA.
- The United States excluded Rwanda from AGOA.
- The exclusions end both countries’ duty-free access to the U.S. market through the program.
- South African exporters are considering the potential effects on jobs and profit margins.
- Rwandan exporters are also assessing possible job losses and squeezed margins.
- Economists cautioned against alarmist reactions to the exclusions.
- Economists said the broader economic fallout is likely to be limited.
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