Since South Africa’s transition to democracy in 1994, the United States and South Africa have built a solid bilateral relationship. South Africa is a strategic partner of the United States, with strong collaboration in the areas of health, education, environment, and digital economy.
U.S. Assistance to South Africa
Since 1994, South Africa has made notable strides toward building an inclusive democracy that provides increased opportunity for its people. Nevertheless, the country faces many challenges, including slow economic growth, high rates of crime and unemployment, lingering corruption, and a persistent HIV/AIDS epidemic. U.S. assistance focuses on improving healthcare, increasing education standards and teacher training, building capacity in agriculture to
Since 1994, South Africa has made notable strides toward building an inclusive democracy that provides increased opportunity for its people. Nevertheless, the country faces many challenges, including slow economic growth, high rates of crime and unemployment, lingering corruption, and a persistent HIV/AIDS epidemic. U.S. assistance focuses on improving healthcare, increasing education standards and teacher training, building capacity in agriculture to address regional food security, and both mitigating and adapting to climate change.
South Africa is the largest U.S. trade partner in Africa, with a total two-way goods trade of $17.8 billion in 2019. Approximately 600 American businesses operate in South Africa, and many of those use South Africa as a regional headquarters. South Africa qualifies for preferential trade benefits under the African Growth and Opportunity Act as well as the U.S. Generalized
South Africa is the largest U.S. trade partner in Africa, with a total two-way goods trade of $17.8 billion in 2019. Approximately 600 American businesses operate in South Africa, and many of those use South Africa as a regional headquarters. South Africa qualifies for preferential trade benefits under the African Growth and Opportunity Act as well as the U.S. Generalized System of Preferences trade preference program. Both governments engage in frequent discussions to increase opportunities for bilateral trade and investment and optimize the business climate. The two nations signed an amended Trade and Investment Framework Agreement (TIFA) in 2012. In addition, South Africa belongs to the Southern African Customs Union, which signed a Trade, Investment, and Development Cooperative Agreement (TIDCA) with the United States in 2008. The United States and South Africa have a bilateral tax treaty that prevents double taxation and fiscal evasion.
The Investment Climate Statements analyze a variety of economies that are or could be markets for U.S. businesses and provide information on the business climates.
Since July, 2021 the United States has donated 7,877,610 safe and effective COVID-19 vaccine doses with the people of South Africa. This includes 7,877,610 Pfizer doses. Of the 7,877,610 vaccine doses, 100% were donated in partnership with COVAX.
The United States is committed to leading an international and coordinated effort to accelerate access to safe and effective COVID-19 vaccines to meet global needs. The United States is working with other governments and partners including COVAX, Caricom, and the African Vaccine Acquisition Trust (AVAT) to protect communities from COVID-19 and apply lessons from this pandemic to enhance health security now and in the future.