Western Cape exporters warn AGOA loss could threaten 47 000 jobs
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Exporters in the Western Cape are warning about the potential end of AGOA benefits for South Africa. They estimate that 47,381 jobs could be at risk. This change could also threaten R12.98bn in provincial GDP. These warnings follow a 41% drop in exports to the US over the latest 12-month period.
Western Cape exporters warn that a proposed end to South Africa’s AGOA benefits could put an estimated R12.98bn in provincial GDP and 47 381 jobs at risk, after US exports fell 41% across the latest 12-month comparison.