Particle.news
Download on the App Store
3 ARTICLES
·
3h ago

U.S.–South Africa Trade Talks Enter Text Phase as Tau Reports Progress

The process now hinges on a U.S. revision next week that triggers South Africa’s cabinet mandate consultations.

Trade, Industry and Competition Minister Parks Tau. (Photo: Gallo Images / Luba Lesolle)
Image

Overview

  • Minister Parks Tau says negotiating teams have exchanged documents following intensive meetings in Washington with the U.S. Trade Representative.
  • The United States is expected to provide a revised draft early next week, after which Pretoria plans about two weeks to consult stakeholders and seek a cabinet mandate before responding.
  • Negotiations target lowering the 30% duty on South African exports and address market access linked to AGOA, which is set to expire at the end of September.
  • Economists warn the tariff threatens key industries including automotive, agriculture and manufacturing, with duties still in effect.
  • Tau notes U.S. concerns about B‑BBEE surfaced early but are not currently a stumbling block, and a Ramaphosa‑led team will meet U.S. investors during UNGA‑side engagements.