US House approves AGOA extension bill

The US House of Representatives has passed a bill extending the African Growth and Opportunity Act (AGOA) through 2028, prompting a warm welcome from South Africa's Trade Minister Parks Tau. The legislation now heads to the Senate for further approval. This renewal aims to maintain duty-free access for Sub-Saharan African countries to the US market.

On January 12, 2026, the US House of Representatives approved the African Growth and Opportunity Act (AGOA) Extension Bill by a vote of 340 to 54. The bill proposes to reauthorize AGOA for three years until 2028, including all current beneficiaries, and provide duty-free access to the US market for eligible Sub-Saharan African countries and their products.

AGOA was originally enacted in 2000 to promote trade between the US and Africa. The approved bill will now proceed to the Senate for consideration and approval before being sent to the US President.

South African Trade, Industry and Competition Minister Parks Tau welcomed the development in a statement. His spokesperson, Kaamil Ali, emphasized the bill's importance, stating: "This will provide certainty and predictability for African and American businesses that rely on the programme. The renewal of AGOA will complement and support the implementation of the Africa Continental Free Trade Area and creation of regional value chains, as well as support American business that depend on inputs and products imported into the US market under AGOA."

The extension is seen as a boost for African economies, ensuring continued trade benefits amid ongoing global economic shifts.

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Piyush Goyal shakes hands with EU official at India-EU FTA signing, with economic symbols and subtle US criticism inset.
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India-EU free trade agreement finalized amid US criticism

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Commerce Minister Piyush Goyal defended the newly concluded India-EU free trade agreement against domestic criticism, emphasizing its benefits for economic growth. The deal addresses key issues like carbon tariffs and mobility for professionals. However, US Treasury Secretary Scott Bessent expressed disappointment, accusing Europe of prioritizing trade over support for Ukraine.

A US House committee is set to consider a three-year extension of the African Growth and Opportunity Act on Wednesday, after it lapsed in September. However, South Africa risks being left out due to ongoing trade tensions with the Trump administration. The initiative, vital for African exports, has supported hundreds of thousands of jobs across the continent.

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በ2024 ዓመት ውስጥ ኢንትራ-አፍሪካ ንግድ $220.3 ቢሊዮን ደረሰ በ12.4 በመቶ በስተቀር ከቀደመው ዓመት የተጨመረ። ነገር ግን አፍሲፍታ መጀመሪያ ቀስ ብሎ እንደሚገኝ ባለሙያዎች ተጠቅሰዋል፣ የመገናኛ ማህበረሰብ ድክመት፣ ቀረበ ታሪፎች እና የፖሊሲ ቅንጅት አለመግባባት ጥቅማቱን ሊጎዱ ይችላል ተብሎ ተጠቅሷል።

Officials from India and the European Union are expected to announce the successful conclusion of Free Trade Agreement (FTA) negotiations on Tuesday at the India-EU Summit in New Delhi. The decades-old deal is slated for signing later this year after legal reviews. It aims to boost trade in key sectors for both sides.

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At the first sherpa meeting for the US G20 presidency in Washington, several members objected to South Africa's exclusion from 2026 events, following Pretoria's recent diplomatic push. Despite support from the EU, Germany, China and others, the US upheld its decision.

South Africa's government has credited a surge in tourism numbers to ongoing structural reforms aimed at boosting economic growth and job creation. These reforms focus on improvements in energy, rail, and ports infrastructure. Deputy Minister Nonceba Mhlauli highlighted progress during a recent report presentation in Johannesburg.

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After several years of negotiations, 20 out of 24 chapters in the India-EU free trade agreement have been finalized. The aim is to conclude the deal before the EU leaders' visit to India this month, making it India's largest FTA. This pact would boost bilateral trade, though sensitive issues remain to be addressed.

 

 

 

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