South African President Cyril Ramaphosa said Wednesday that his country has progressed to “text-based” negotiations with Washington. The talks aim to secure a better tariff deal after the United States imposed a 30-percent import tax in August.
Ramaphosa described the negotiations as ongoing and expressed hope that an agreement could materialise “fairly soon.” Speaking in Bern during a state visit, he noted that reaching text-based discussions signifies “tremendous progress” with any government.
He cautioned, however, that timelines remain uncertain, adding “soon could be tomorrow; next week; next month” depending on developments. Swiss President Karin Keller-Sutter sounded less optimistic about her country’s separate tariff talks with the United States.
The Swiss economic affairs ministry said Washington will ultimately decide outcomes, requiring patience from all negotiating parties.
Ramaphosa’s delegation signed five memorandums of understanding with Switzerland, covering economic cooperation and trade development opportunities. He framed the U.S. tariff imposition as a catalyst for South Africa to diversify trade and explore new markets.
Bilateral trade between South Africa and Switzerland reached 3.6 billion Swiss francs ($4.5 billion) in 2024, marking strong continental ties. Switzerland remains among the top ten foreign investors in South Africa, supporting industries and expanding economic collaboration.
Ramaphosa predicted that trade dealings with Switzerland could rise to a higher level, despite the initial tariff challenges. He concluded that, while tariffs present obstacles, they also act as “opportunity openers” for broader economic engagement globally.