Current:Home > StocksUS officials, lawmakers express support for extension of Africa trade program -FutureProof Finance
US officials, lawmakers express support for extension of Africa trade program
View
Date:2025-04-15 04:49:11
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! (16)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Video shows Texas US Rep. Ronny Jackson berating officers after being wrestled to ground at rodeo
- From Vine to Friendster, a look back on defunct social networking sites we wish still existed
- Is math real? And other existential questions
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- 4 Australian tourists are rescued after being missing in Indonesian waters for 2 days
- Georgia case against Trump presents problems from the start: from jury selection to a big courtroom
- CNN shakes up lineup with new shows for Chris Wallace, Abby Phillip, more
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Celebrate Netflix’s 26th Anniversary With Merch Deals Inspired by Your Favorite Shows
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Iran claims there will be no restrictions on access to money released in U.S. prisoner exchange
- 'Reinventing Elvis' reveals why Presley nearly canceled his '68 Comeback Special live set
- Ex-FBI counterintelligence official pleads guilty to conspiracy charge for helping Russian oligarch
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- What does 'OOO' mean? Here's what it means and how to use it when you're away from work.
- Maui police chief pleads for patience, recalls pain of victim IDs after deadly Vegas mass shooting
- NFL's highest-paid RBs: See full list of 2023 running back salary rankings
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
US launches program to provide electricity to more Native American homes
Election board finds no pattern of nomination signature fraud in Rhode Island US House race
Soldier accused of killing combat medic wife he reported missing in Alaska
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
'This is his franchise': Colts name rookie Anthony Richardson starting QB for 2023
‘Wounded Indian’ sculpture given in 1800s to group founded by Paul Revere is returning to Boston
Peek inside this retired couple's semitrailer turned into a permanent home