South African President Cyril Ramaphosa concluded his recent four-day trip to the United States with a strong push for economic collaboration and trade growth.
The visit coincided with the United Nations General Assembly, where Ramaphosa met with international leaders, engaged in bilateral talks, and explored investment opportunities with major businesses.
Strengthening US-South Africa Relations
A key aim of the trip was to boost American investment in South Africa and further strengthen ties between the two nations.
Ramaphosa held high-level discussions with US Chamber of Commerce members and other dignitaries, highlighting South Africa’s potential as a stable and attractive trade partner.
Renewing AGOA for Mutual Benefit
At the heart of Ramaphosa’s discussions was the African Growth and Opportunity Act (AGOA), which has been extended multiple times since 2000.
Currently valid until September 2025, AGOA allows eligible sub-Saharan African countries duty-free access to US markets, promoting economic growth, good governance, and open trade.
Ramaphosa is now lobbying for its renewal, stressing that it will benefit both nations.
He also called on businesses and private investors at the SA–USA Trade and Investment Dialogue to support this initiative, highlighting how AGOA could strengthen investment opportunities and trade stability.
Addressing Trade Challenges
The call for AGOA’s renewal comes amid rising tensions over trade.
In August 2025, the US imposed 30% reciprocal import tariffs on South Africa, which Ramaphosa warned could hurt both economies.
“These tariffs would damage South Africa’s economy,” he said, noting that US companies relying on South African imports could also face negative effects.
Talks have been underway with the Trump administration to find a mutually beneficial path forward.
Ramaphosa shared with the media that discussions with Minister of Trade, Industry and Competition Parks Tau were productive, stating:
“South Africa has entered a phase of formal trade negotiations that will lead to a good end.”
Making the Case for Economic Growth
Ramaphosa emphasized that renewing AGOA is a win-win scenario.
It strengthens South Africa’s role as a key trading partner while supporting trade stability, investment growth, and economic development.
As the deadline approaches, his administration is focused on ensuring that South Africa continues to benefit from open and fair access to US markets.
Looking Ahead
The renewal of AGOA could have far-reaching effects for South Africa’s economy, with the potential to increase trade, attract investment, and support long-term growth.
Businesses and policymakers alike are watching closely as negotiations continue, hopeful for a positive outcome.