H.Res.261 - Reaffirming the importance of diplomacy and development in US-AU relations, promoting strategic partnerships and shared objectives and expressing strong support for the AfCFTA
Reaffirming the importance of diplomacy and development in United States- African Union relations, promoting strategic partnerships and shared objectives between the United States and the African Union, and expressing strong support for the successful implementation of the African Continental Free Trade Area.
Read related news articles
Exploring synergies between AGOA and AfCFTA: The case for African exports
Africa is often characterised as a continent poised for economic growth and development. Often, prosperity and development in Africa can be linked back to exports and the benefits that they generate. This brings to the forefront the African Growth and Opportunity Act (AGOA) and its role in opening American markets to 35 African countries, as well as the African Continental Free Trade Area (AfCFTA), which aims to increase socio-economic...
09 November 2023
AGOA: US vows to support regional integration
The United States says it is committed to supporting regional integration in Africa, seeing it as essential for the continent's economic development and prosperity. At a conference on the African Growth and Opportunity Act (Agoa) in Johannesburg, US officials said they were backing the African Continental Free Trade Area (AfCFTA), even though there will be variations on country specific trading arrangements. Agoa is a trade agreement...
04 November 2023
United States and Africa: increased engagement regarding trade creating opportunities in the AfCFTA
There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to “promote equitable, sustainable, and...
04 September 2023
US and Africa: increased engagement regarding trade creating opportunities in the African free trade area
There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to “promote equitable, sustainable, and...
01 May 2023
US and AfCFTA members sign MOU on trade cooperation
On December 14, 2022, the United States and African Continental Free Trade Area Secretariat (AfCFTA) signed a Memorandum of Understanding on Cooperation for Trade and Investment between the United States and the African Continental Free Trade Area (MOU) see document alongside. The MOU was signed by U.S. Trade Representative (USTR) Katherine Tai and AfCFTA Secretary General Wamkele Mene during the 2022 U.S.-Africa...
15 December 2022
Can the US and Africa usher in a new era for globalization?
As the United States looks to usher in a “new version” of globalization focused on resilience, inclusivity, and sustainability, it has eyes on its economic relationship with Africa, according to US Trade Representative Katherine Tai. Tai spoke at an Atlantic Council Front Page event on Friday alongside the African Continental Free Trade Area’s (AfCFTA) secretary-general, Wamkele Mene. She explained that the current form of...
05 December 2022
The 'key to unlocking Africa's potential'
Africa is on the cusp of an economic transformation. By 2050, consumer and business spending on the continent is expected to reach roughly $16.1 trillion. The coming boom offers tremendous opportunities for global businesses – especially US companies looking for new markets. But unless African policymakers remove existing barriers to regional trade and investment, the continent’s economy will struggle to reach its true potential. Two...
02 October 2022
EAC States challenged on trade agreements
The East African Community (EAC) partner states have been challenged to increase their volume of transactions under regional and international trade agreements. The region’s private sector trade block, East Africa Business Council, said it is imperative for the region to take advantage of opportunities such as the African Continental Free Trade Area (AfCFTA), African Growth and Opportunity Act (AGOA), Economic partnership agreement, to...
23 August 2022
AFCFTA and AGOA are opportunities for African diaspora – BHF Coordinator
The maiden edition of the Black History Festival (BHF) in USA which came off from February 21 to 28 in Washington DC has become an eye-opener for African diaspora about the scads of opportunities that exist in Africa, with the African Continental Free Trade Area (AFCFTA) and African Growth and Opportunity Act (AGOA) as windows. Coordinator for BHF, Stephen Selassie Asuo said “Recently, the commencement of the AFCTA and the AGOA has opened...
16 March 2022
Opinion: Foreign investment is Africa's best shot at growth, but its share is still pitiful
US Secretary of State Anthony Blinken's visit to Kenya, Nigeria and Senegal in November 2021 was a rare event for an administration's first year, cautiously signalling the US's aim to reconnect with Africa and to recover confidence in the former's commitment to democracy. With various promising moves in the pipeline, such as the appointment of a programme head for the Prosper Africa initiative, there may be movement with the African...
22 January 2022
US-Africa trade policy faces future uncertainties
US trade policy toward Africa is facing a conundrum. Much has changed in the two decades since the African Growth and Opportunity Act (AGOA) set the framework for trade between the world's largest economy and its poorest continent. Many observers advocate new policies to increase U.S.-Africa trade and investment, especially with Agoa expiring in 2025. Yet the policy path is less clear than when Agoa became law, and the prospects for a...
21 September 2021