US-Africa Set to Iron Out Duty-Free Trade Pact Future at Summit
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US-Africa Set to Iron Out Duty-Free Trade Pact Future at Summit
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US-Africa Set to Iron Out Duty-Free Trade Pact Future at Summit
(Bloomberg) -- US resolve to claw back lost influence in Africa will be put to the test this week when dozens of the continent’s leaders and officials gather for three days of talks with their American counterparts in Washington.
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A top priority of President Joe Biden’s US-Africa Leaders Summit, which aims to increase cooperation on some of the world’s most pressing issues, will be to map out the future of market access.
The African Growth and Opportunity Act, which expires in 2025 and gives about three dozen African nations duty-free access to the world’s biggest economy for almost 7,000 products, will be discussed at the summit on Tuesday and at a subsequent meeting with lawmakers.
What comes next after the program ends and who gets access to any future iteration still needs to be ironed out.
“We’ve consistently seen that there are opportunities for the program to be better — there could be much better uptake and utilization of the program,” US Trade Representative Katherine Tai said at a Semafor event in Washington Monday.
South Africa is at risk of being excluded from any preferential deal if its trade policies disadvantage American exporters relative to their developed-nation counterparts, according to people familiar with the matter.
Ethiopia War
Ethiopia, which is emerging from a two-year civil war, also risks being sidelined. The Horn of Africa nation had its AGOA access suspended last year because of the conflict and allegations that its forces were engaged in human-rights violations. While the US has welcomed the cessation of hostilities, its officials are still monitoring the situation to determine whether a policy shift is warranted.
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