An Africa-US forum in Gabon this week will celebrate the recent extension of the preferential trade programme — the Africa Growth and Opportunity Act — and initiate what an Obama administration official describes as “a strategic conversation” about US-Africa trade relations.
President Barack Obama last month signed into law a 10-year extension of Agoa. A long-term renewal had been the top Agoa priority of African countries that have benefited from the 15-year-old programme. It allows almost all products from eligible sub-Saharan nations to enter the US duty-free.
However, independent Africa trade experts in Washington said that few improvements were made to Agoa in the extension legislation approved by the US Congress. Read more. Source | The East African