TRALAC - Trade Law Centre

US-Africa Bilateral Agreements

Bilateral investment treaties (BIT)

A bilateral investment treaty (BIT) is an agreement concluded between two States which defines the broad terms and conditions under which private and companies invest in each others territories. The United States has concluded a number of BITs with various countries, including African countries. The stated basic aims of this BIT program includes the following key objectives:

  • to protect investment abroad especially in countries where investor rights are not already protected through existing agreements
  • to encourage the adoption of market-oriented domestic policies which treat private investments in an open, transparent and non-discriminatory way
  • to support the development of international law standars that are consisten with these objectives

The United States has concluded BITs with various African countries, inter alia with Rwanda, Mozambique, Republic of Congo, Congo DRC and Cameroon.

 

Trade and Investment Framework Agreements (TIFA)

Trade and Investment Framework Agreements (TIFA) provide strategic frameworks and principles for dialogue on trade and investment issues between the United States and the other parties to the TIFA. These agreements generally go beyond the BIT model. TIFAs have been concluded with a number of African partner countries, inter alia with Angola, Ghana, Liberia, Mauritius, Mozambique, Nigeria, Rwanda and South Africa, as well as various regional country groups, such as COMESA, EAC and WAEMU. Discussions and negotiations with the SACU group are ongoing.

 

Related News

Sourcing Journal: An uncertain future for AGOA?

Sourcing Journal: An uncertain future for AGOA?

Sub-Saharan Africa has both been the land of sourcing opportunity and the land where trade was most likely to remain close to status quo amid other potential adjustments to U.S. agreements. Now, the U.S. may be set to take a closer look at the African Growth and Opportunity Act (AGOA), which affords eligible African countries duty free sourcing to the U.S. AGOA was renewed...

20 June, 2017
Cooperating, not competing, in Africa: a case for Transatlantic rapprochement

Cooperating, not competing, in Africa: a case for Transatlantic rapprochement

With the African Growth & Opportunity Act (AGOA) Forum ending in Washington this week and the European Parliament approving further trade agreements with six African states earlier this month, the apparent race for African trade continues to intensify. This is no great surprise given the GDP of Sub-Saharan Africa (SSA) is expected to grow 30 percent faster than the rest...

07 October, 2016
US and Africa to make trade history - US govt official

US and Africa to make trade history - US govt official

In July, US President Barack Obama visited Africa and shared an important message at the Global Entrepreneurship Summit in Nairobi and at the African Union in Addis Ababa. He said: "As Africa changes, I’ve called on the world to change its approach to Africa. So many Africans have told me, we don’t want just aid, we want trade that fuels progress. We don’t want...

16 September, 2015
EAC push for long-term trade pact with US to replace AGOA

EAC push for long-term trade pact with US to replace AGOA

The East African Community is pushing for a long-term preferential trade agreement with the United States that will remove uncertainties surrounding the Africa Growth and Opportunity Act (AGOA). The five member states have submitted their request to the United States Trade Representative (USTR) on the modalities and the time to start negotiations on the pact. According to...

07 September, 2015
East Africa: Technical officials discuss EAC-US trade and investment partnership in Bujumbura

East Africa: Technical officials discuss EAC-US trade and investment partnership in Bujumbura

Technical Officials from the East African Community (EAC) and the United States (U.S.) met 12 to 15 February 2014 in Bujumbura, Burundi to discuss Trade Africa and the EAC - U.S. Trade and Investment Partnership (TIP). In particular, the Technical Officials discussed among others, the Ministerial guidance provided in August 2013; AGOA; Regional Investment Treaty; Trade...

17 February, 2014
How the ECOWAS-EU EPA could affect AGOA

How the ECOWAS-EU EPA could affect AGOA

In what could be a 'breakthrough' for both the Economic Community of West African States (ECOWAS) and the European Union (EU), the EU announced that "the two entities reached a deal at the level of senior officials on EPAs, more than a decade after negotiations began. A final meeting to officially endorse the deal as it stands is foreseen in Brussels for early February. It...

14 February, 2014