Current:Home > FinanceTrendPulse|US officials, lawmakers express support for extension of Africa trade program -WealthSphere Pro
TrendPulse|US officials, lawmakers express support for extension of Africa trade program
Rekubit View
Date:2025-04-10 09:55:46
JOHANNESBURG (AP) — U.S. officials and TrendPulselawmakers expressed support Saturday for the extension of a trade program that grants eligible African countries duty-free access to U.S. markets.
The move follows a clear push by eligible African countries at the African Growth and Opportunity Act trade forum in Johannesburg to have the program extended. It is currently slated to expire in September 2025.
AGOA is U.S. legislation that allows sub-Saharan African countries duty-free access to U.S. markets provided they meet certain conditions, including adherence to the rule of law and the protection of human rights.
Addressing the forum this week, South African President Cyril Ramaphosa called on the U.S. Congress to extend the program for a far longer period than the previous 10-year extension granted in 2015.
More than 30 African countries that are part of the AGOA program participated in the forum, where African businesses showcased products ranging from food and jewelry to electronics. The forum concluded Saturday.
In a statement released Friday, U.S. lawmakers expressed support for the extension of the program.
“Africa is on the precipice of an unprecedented demographic boom. The timely reauthorization of AGOA is important to provide business certainty and show the United States’ continued support towards Africa’s economic growth,” said House Foreign Affairs Committee chairman Michael McCaul and ranking member Gregory Meeks in a statement.
U.S. trade representative Katherine Tai, who led the U.S delegation, emphasized AGOA’s impact on African businesses and its importance to the United States.
“AGOA remains the cornerstone of the U.S. economic partnership with Africa, let us not forget the real impact that AGOA has had on real lives, real people,” she said.
Earlier this week, President Joe Biden announced his intention to boot Niger, Gabon, the Central African Republic and Uganda from AGOA.
He said Niger and Gabon had failed to establish or make continual progress toward the protection of political pluralism and the rule of law, while citing the Central African Republic and Uganda as having committed gross violations of internationally recognized human rights.
According to Ramaphosa, the extension will provide much needed certainty for eligible African countries and encourage more trade between the U.S. and the continent.
veryGood! (5445)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Inside the emerald mines that make Colombia a global giant of the green gem
- A lawsuit picks a bone with Buffalo Wild Wings: Are 'boneless wings' really wings?
- Officer who put woman in police car hit by train didn’t know it was on the tracks, defense says
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- A Federal Judge’s Rejection of a Huge Alaska Oil Drilling Project is the Latest Reversal of Trump Policy
- Warming Trends: Extracting Data From Pictures, Paying Attention to the ‘Twilight Zone,’ and Making Climate Change Movies With Edge
- In Baltimore Schools, Cutting Food Waste as a Lesson in Climate Awareness and Environmental Literacy
- North Carolina justices rule for restaurants in COVID
- Jecca Blac’s Vegan, Gender-Free Makeup Line Is Perfect for Showing Your Pride
Ranking
- Current, future North Carolina governor’s challenge of power
- With Increased Nutrient Pollution in the Chesapeake Bay, Environmentalists Hope a New Law Will Cleanup Wastewater Treatment in Maryland
- To Stop Line 3 Across Minnesota, an Indigenous Tribe Is Asserting the Legal Rights of Wild Rice
- Fires Fuel New Risks to California Farmworkers
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Stocks drop as fears grow about the global banking system
- Santa Barbara’s paper, one of California’s oldest, stops publishing after owner declares bankruptcy
- The unexpected American shopping spree seems to have cooled
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
BET Awards 2023: See Every Star on the Red Carpet
Scammers use AI to mimic voices of loved ones in distress
Battered and Flooded by Increasingly Severe Weather, Kentucky and Tennessee Have a Big Difference in Forecasting
Former Syrian official arrested in California who oversaw prison charged with torture
Fox News Reveals New Host Taking Over Tucker Carlson’s Time Slot
The FDIC was created exactly for this kind of crisis. Here's the history
Inside Clean Energy: 10 Years After Fukushima, Safety Is Not the Biggest Problem for the US Nuclear Industry