U.S. President Joe Biden’s administration wants to work with Congress to improve the U.S.-Africa AGOA trade program, U.S. Secretary of State Antony Blinken said Friday in a video message to a U.S.-Africa trade summit in South Africa. .
U.S. Trade Representative Katherine Tai said at the same summit that the United States believes it is possible to develop a stronger, forward-looking vision for U.S.-U.S. trade. ‘Africa.
The African Growth and Opportunity Act (AGOA), a U.S. trade initiative passed in 2000 by former President Bill Clinton to strengthen trade ties with sub-Saharan Africa and help African countries grow their economies, offers duty-free access to the US market.
African countries are pushing for an early extension of 10 years without changes to reassure businesses and investors who may be worried about the future of AGOA.
2023-11-03 09:24:51
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