The East African Community (EAC), an inter-governmental organisation comprising Burundi, Kenya, Rwanda, Uganda, and Tanzania, is pushing for a long-term preferential trade agreement with the US to eliminate the fear of unilateral withdrawal of the Africa Growth and Opportunity Act (AGOA) by the US government.
EAC believes the limitation of AGOA is that it is unilateral and can be withdrawn any time. This year the US extended the AGOA up to September 30, 2025, but the EAC thinks that this span of 10 years is insufficient for increasing trade volume by leaps and bounds.Hence, the EAC recently submitted its plea to the United States Trade Representative (USTR) on the modus operandi and the time to begin negotiations on the pact, according to African media reports. Read more. Source | Fibre2Fashhion.com