Current:Home > StocksUS officials, lawmakers express support for extension of Africa trade program -Edge Finance Strategies
US officials, lawmakers express support for extension of Africa trade program
View
Date:2025-04-14 21:02:47
JOHANNESBURG (AP) — U.S. officials and lawmakers 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! (299)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- China's defense minister defends intercepting U.S. destroyer in Taiwan Strait
- Queen Charlotte: A Bridgerton Story Costume Designers Reveal the Wardrobe's Hidden Easter Eggs
- After criticism over COVID, the CDC chief plans to make the agency more nimble
- Sam Taylor
- Nebraska Landowners Hold Keystone XL at Bay With Lawsuit
- Cleanse, Hydrate, and Exfoliate Your Skin With a $40 Deal on $107 Worth of First Aid Beauty Products
- GOP Rep. Garret Graves says he's not ruling out a government shutdown after debt ceiling fight
- Small twin
- Ice Loss and the Polar Vortex: How a Warming Arctic Fuels Cold Snaps
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Carbon Pricing Reaches U.S. House’s Main Tax-Writing Committee
- Military jets scrambled due to unresponsive small plane over Washington that then crashed in Virginia
- Today’s Climate: May 10, 2010
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Patrick Mahomes' Brother Jackson Mahomes Arrested for Alleged Aggravated Sexual Battery
- Today’s Climate: May 6, 2010
- Encore: An animal tranquilizer is making street drugs even more dangerous
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Investors Worried About Climate Change Run Into New SEC Roadblocks
Not Sure What to Wear Under Low Cut, Backless Looks? Kim Kardashian's SKIMS Drops New Shapewear Solutions
Score $131 Worth of Philosophy Perfume and Skincare Products for Just $62
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Investors Worried About Climate Change Run Into New SEC Roadblocks
Water Source for Alberta Tar Sands Drilling Could Run Dry
Amazon's Limited-Time Pet Day Sale Has the Best Pet Deals to Shop From