If South Africa loses its AGOA benefits and the US imposes high tariffs or sanctions, the impact will primarily affect farmers and farm workers. The African Growth and Opportunity Act (AGOA) currently supports agriculture and manufacturing in South Africa, with 2023 trade with the US amounting to approximately $21 billion.
Minister of Agriculture John Steenhuisen emphasized at a media conference that the US remains a key partner. He noted, "Those who will suffer the most will not be the politicians who made the wrong decisions over the past 15 years, nor the money-grabbers who engaged in state capture, but the farmers and farm workers – which is unfair." He criticized the recent optimism around announcements and statements.
During his travels, Steenhuisen found no farmers wishing to relocate to the US. Instead, farmers expressed a desire to stay but seek assistance with infrastructure and security issues. He stated, "Let me be clear. I do not wish to lose a single farmer from South Africa, regardless of whether they are black, white, Indian, or colored. We cannot afford to lose any farmers."
Steenhuisen suggested diversifying export markets to reduce reliance on specific ones and mitigate risks from potential US measures. He expressed hope for a new trade agreement if AGOA benefits are lost, ensuring continued trade with the US. He also remarked on the need for the government of national unity to fulfill its responsibilities to aid national growth and the economy.
Source: African Farming