South Africa and the United States of America economic and trade relations (1994-2016): lessons to learn

Economic and trade relations are the backbone in the bilateral relations between states. South Africa and the United State of America shares monopoly and considered as hegemony powers in African and American continent in the economic realm. When the new democratic chapter began in South Africa in 1994, they set the new agenda in the economic and trade relations. The economic and trade relations are guided by the African Growth Opportunity Act (AGOA) since 2000. The paper discusses mainly the constraints and challenges in the economic relations between South Africa and the US. How the economic relations have evolved and grown between these two states? Does South Africa get benefits from trade the ties with the US? The paper tests how South Africa and US trade relations have substantially increased on the consequences of the concession of the African Growth Opportunity Act or not. At last, it questions the trade model between South Africa and the US does bring development in South Africa. The paper discusses the economic and trade relations between two different parts of the world, one is north- United States of America (US) and second is south - South Africa. Their economic relations are a century old. However, the economic relations revived during the cold war period or as we know the apartheid period (1948-1994).