14
May
Niël Terblanché The Southern African Customs Union (SACU) has called on the United States to reconsider its planned tariff increases, warning they could harm trade relations and reverse development gains in Least Developed Countries (LDCs) and those under the African Growth and Opportunity Act (AGOA). The SACU Council of Ministers made the appeal in a joint communique after their recent meeting in Johannesburg. The council, chaired by finance minister Erica Shafudah, urged the U.S. administration to apply the principle of differential treatment and exempt LDCs and AGOA-eligible countries from the new tariffs set to take effect in July. The U.S.…
