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South Africa must prepare for potential loss of US trade benefits, president says

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JOHANNESBURG, Oct 19 (Reuters) - ‌South Africa's President Cyril Ramaphosa said ​on Monday that the country must prepare for its potential ⁠exclusion from the United States' duty-free trade initiative, AGOA, as relations between Washington and Pretoria have soured.

• ​The African Growth and Opportunity Act (AGOA) gives eligible African ‌countries duty-free access to the US market for thousands of products. South Africa has benefited from it for ⁠years.

• President Donald Trump's administration has cracked ⁠down on South Africa for what Trump claims is its persecution of white people. South Africa's government says this is a falsehood spread by fringe ‌groups.

• Ramaphosa said it remained to be seen ⁠whether South Africa would remain part ‌of AGOA and his government ​was in discussions with US counterparts. Some US officials have suggested South Africa should be excluded.

• "I need, ‌as president, to prepare us if ​it ever happens," ⁠Ramaphosa said. He said the impact on ‌jobs would be "devastating" and he ⁠and Deputy President Paul Mashatile have been travelling around the world to explore alternative markets.

• Ramaphosa cited ​a recent trade ‌agreement with China as a positive step. China introduced ⁠a zero-tariff scheme for ​qualifying South African goods in May.

(Reporting by Nellie ​Peyton;Editing by Tomasz Janowski)

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