Current:Home > InvestUS officials, lawmakers express support for extension of Africa trade program -Infinite Wealth Strategies
US officials, lawmakers express support for extension of Africa trade program
View
Date:2025-04-18 11:01:15
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! (3)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- These millionaires want to tax the rich, and they're lobbying working-class voters
- Britney Spears Files Police Report After Being Allegedly Assaulted by Security Guard in Las Vegas
- Andrea Bocelli Weighs in on Kim Kardashian and Kourtney Kardashian's Feud
- Intel's stock did something it hasn't done since 2022
- Google shows you ads for anti-abortion centers when you search for clinics near you
- Toxic Releases From Industrial Facilities Compound Maryland’s Water Woes, a New Report Found
- Experts raised safety concerns about OceanGate years before its Titanic sub vanished
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Spare a thought for Gustavo, the guy delivering your ramen in the wildfire smoke
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
- Teacher's Pet: Mary Kay Letourneau and the Forever Shocking Story of Her Student Affair
- Russia’s War in Ukraine Reveals a Risk for the EV Future: Price Shocks in Precious Metals
- Current, future North Carolina governor’s challenge of power
- Cuando tu vecino es un pozo de petróleo
- How Emily Blunt and John Krasinski Built a Marriage That Leaves Us All Feeling Just a Little Jealous
- It's not just you: Many jobs are requiring more interviews. Here's how to stand out
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Inside Clean Energy: Think Solar Panels Don’t Work in Snow? New Research Says Otherwise
Need a job? Hiring to flourish in these fields as humans fight climate change.
Experts raised safety concerns about OceanGate years before its Titanic sub vanished
Senate begins final push to expand Social Security benefits for millions of people
This Kimono Has 4,900+ 5-Star Amazon Reviews, Comes in 25 Colors, and You Can Wear It With Everything
The debt ceiling deal bulldozes a controversial pipeline's path through the courts
California Has Provided Incentives for Methane Capture at Dairies, but the Program May Have ‘Unintended Consequences’