It’s a welcome development for US importers, says Lars Jensen, CEO of container shipping consultancy Vespucci Maritime.
The Presidents have committed to holding further engagements regarding SA-US trade relations.
The union will travel to the US to meet with interest groups to deal with the impasse.
The sanctions could be imposed under the Global Magnitsky Act for corruption and human rights abuses.
South Africa is the biggest investor from the African continent into the US.
The government says it will support exporters to explore markets by relaxing competition rules.
Almost 70 nations are facing new or increased duties, including key US allies such as South Africa.
Usually, it results in reduced tariffs and extended deadlines, especially as economic pain hits.
A new PwC report highlights the changes across ten key markets that boost intra-Africa trade.
One of the proxy groups is Yemen’s Houthi rebels, responsible for destabilizing Red Sea traffic.
The DTIC has indicated that its deal proposes simplifying market access for US poultry.
