150 000 jobs at risk as US House tables Bilateral Relations Bill
10 April 2024
ActionSA notes with alarm the US Bilateral Relations Bill, tabled in the US House of Representatives, which could threaten more than 150,000 South Africa jobs at home.
The bill, which will be tabled this month, seeks a determination on whether South Africa has undermined U.S. national security or foreign policy interests. This could lead to the non-renewal of the Africa Growth and Opportunities Act (Agoa), which will cost South Africa dearly.
South Africa is part of Agoa, which gives us preferential trade access to the US markets. South Africa exported goods worth R65.9bn to the US under Agoa in 2023. This trade represents 3.2% of South Africa’s total exports and supports over 150,000 South African jobs.
Yet, the ANC’s efforts to align the country closer with Russia over our other trade partners have jeopardised South Africa’s access to Agoa. This directly threatens dozens of industries and puts these 150,000 jobs at risk.