Eurasia Review on Nostr: US-Africa Trade And Economic Cooperation: Challenges And Future Pathways – OpEd ...
US-Africa Trade And Economic Cooperation: Challenges And Future Pathways – OpEd
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The United States government hosted trade ministers from sub-Saharan Africa for the annual African Growth and Opportunity Act (AGOA) Forum from July 24 to 26. President Joe Biden called on Congress to reauthorize and modernize AGOA, which is set to expire in 2025. The United States Trade Representative, Ambassador Katherine Tai, acknowledged the collaborative job done by the African Union and the Regional Economic Communities. The Biden-Harris Administration supports the reauthorization of AGOA and aims to strengthen and improve it to fit the changing times. AGOA is working closely with the African Continental Free Trade Area (AfCFTA) Secretariat and on a bilateral basis with many African countries. The AGOA Forum discussed using AGOA to drive inclusive and sustainable economic development, modernizing the program, and creating stronger high-standard investment opportunities. AGOA provides duty-free access to the US market for nearly 2,000 products from eligible countries, and US imports under AGOA topped $9.7 billion last year.
#UsafricaTrade #AfricanGrowthAndOpportunityAct #AgoaForum #JoeBiden #KatherineTai #AfricanUnion #RegionalEconomicCommunities #AfricanContinentalFreeTradeArea #Afcfta #TradeAndInvestment #EconomicDevelopment
https://www.eurasiareview.com/29072024-us-africa-trade-and-economic-cooperation-challenges-and-future-pathways-oped/
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The United States government hosted trade ministers from sub-Saharan Africa for the annual African Growth and Opportunity Act (AGOA) Forum from July 24 to 26. President Joe Biden called on Congress to reauthorize and modernize AGOA, which is set to expire in 2025. The United States Trade Representative, Ambassador Katherine Tai, acknowledged the collaborative job done by the African Union and the Regional Economic Communities. The Biden-Harris Administration supports the reauthorization of AGOA and aims to strengthen and improve it to fit the changing times. AGOA is working closely with the African Continental Free Trade Area (AfCFTA) Secretariat and on a bilateral basis with many African countries. The AGOA Forum discussed using AGOA to drive inclusive and sustainable economic development, modernizing the program, and creating stronger high-standard investment opportunities. AGOA provides duty-free access to the US market for nearly 2,000 products from eligible countries, and US imports under AGOA topped $9.7 billion last year.
#UsafricaTrade #AfricanGrowthAndOpportunityAct #AgoaForum #JoeBiden #KatherineTai #AfricanUnion #RegionalEconomicCommunities #AfricanContinentalFreeTradeArea #Afcfta #TradeAndInvestment #EconomicDevelopment
https://www.eurasiareview.com/29072024-us-africa-trade-and-economic-cooperation-challenges-and-future-pathways-oped/