CAPE TOWN, The ruling African National Congress (ANC) on Sunday urged the South African government to engage with the new US administration to preserve the African Growth and Opportunity Act (AGOA).
In its Policy Discussion Document which underscores the importance of bridging the gap between the developed North and the developing South, the ANC said the new administration in the US has not yet pronounced on its Africa policy, and to this end "we will adopt a wait-and-see approach".
The renewal of AGOA too remains uncertain, the party said.
South Africa's relationship with the North and the US in particular, remains crucial, said the ANC.
The AGOA, a legislation that was approved by the U.S. Congress in May 2000, is to assist the economies of Sub-Saharan Africa and to improve economic relations between the U.S. and the region.
The Act provides trade preferences for quota and duty-free entry into the U.S. for certain goods, under certain conditions.
Source: NAM NEWS NETWORK