Johannesburg - Business Unity SA (Busa) on Thursday welcomed
the signing of a new trade pact between South Africa and the US.
"Busa also supports other agreements and programmes
that seek to expand trade and investment between South Africa and the United
States," CEO Nomaxabiso Majokweni said.
Trade and Industry Minister Rob Davies and US Trade
representative Ron Kirk endorsed a Trade and Investment Framework Agreement
(Tifa) on Monday.
The other agreements included the African Growth Opportunity
Act and the Generalised System of Preferences. The latest agreement amended the
Tifa signed in 1999 and sought to deepen the US-SA trade and investment
relationship.
"It also provides for an annual forum that will address
specific business challenges and will help enhance the trade and investment
relationship between the two countries," Majokweni said.