South Africa

The United States exported nearly $279 million in food and agricultural products to South Africa during the 2013 fiscal year. Top exports include poultry, dairy products, planting seeds and prepared foods.

In 2010, the United States and South Africa signed a memorandum of understanding, laying out a framework for strategic dialogue between the two countries. The countries agreed to continue to deepen cooperation through regular consultation on strategic issues including food security, trade, investment, energy, health and education.

In 2012, the United States and South Africa signed a trade and investment framework agreement (TIFA), which amends the TIFA signed in 1999, in order to strengthen the U.S.-South Africa trade and investment relationship. 
 

Data & Analysis

Retail sales are expected to grow by almost five percent per annum in the next five years and 2014 sales are projected to reach R424.8 billion (USD $40 billion).
South Africa is one of the most advanced and diverse economies in Africa. With a population of almost 54 million people, the country is an attractive business destination.
The goal of the conference was to discuss innovative initiatives and private sector partnerships that are removing blockages to agricultural investment and development in sub-Saharan Africa.