Johannesburg - US President Barack Obama on Saturday
affirmed his country's commitment to enhancing co-operation and trade with South
Africa and its neighbours.
"Africa is on the rise and South Africa is always at
the forefront of trends in Africa," Obama said at a joint media briefing
with President Jacob Zuma in Pretoria.
"I see South Africa as critical to one of my top
priorities on this trip and that is to promote trade and investment that helps
unleash growth here in Africa and ultimately will benefit the United States of
Obama pledged support for the extension of the African
Growth and Opportunity Act (Agoa), which expires in 2015.
Agoa allows Southern African countries to ship certain
products to the US tariff-free.
"Today, almost all of South Africa's exports to the
US – 98% already enter our market duty-free, Obama said.
"I told President Zuma I want to renew, but also
improve and update the Agoa, so we are generating more trade and more
But, Obama said he had to first demonstrate to US
companies the benefits of investing or exporting to SA.
"We're going to make sure our trade negotiators have
a serious conversation about how we get a win-win formula that delivers jobs
and opportunities for people here in SA and also in the US," he said.
South Africa's role in peace-keeping efforts was also
"We thank SA for being a leading force in the
African Union from promoting peace between Sudan and South Sudan to economic co-operation
across the continent."
Zuma welcomed Obama to the country despite protests
against his two-day visit.
He said Obama was visiting Africa at the "right
"We are pleased to be working with you [Obama] today
with a common goal of expanding trade and relations between our two
countries," said Zuma.
"Mr President you are visiting Africa at the right
time... Africa is rising... It is the second fastest growing region after Asia
and has become an attractive market for investment."
Zuma said he was committed to strengthening the US-Africa
In 2011, total trade with the US was in excess of R130bn,
with South Africa enjoying a trade surplus of around R18bn. South Africa was
also the US's biggest market in Africa, accounting for R73bn of American