Senate bill to extend the AGOA third country fabric provisions, and AGOA eligibility to S Sudan
A bill to amend the African Growth and Opportunity Act to extend the third-country fabric rule, to add South Sudan to the list of countries eligible for designation under that Act, and for other purposes.
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South Sudan, Gambia dropped from AGOA, Guinea Bissau reinstated
The White House announced on Tuesday that South Sudan (and Gambia) have been removed from the list of sub-Saharan African countries enjoying special trade status with the United States. According to a proclamation signed by US president Barack Obama, he has determined that South Sudan along with Gambia, "are not making continual progress in meeting the requirements" under the African Growth and Opportunity Act (AGOA). There were no specifics...
26 December 2014
South Sudan: President Kiir lures foreign investors despite institutional weaknesses
South Sudan president Salva Kiir has urged domestic and foreign investors to take up available investment opportunities, regardless of the existing institutional weakness and challenges of governance and insecurity in the country. "South Sudan is ready and open to business. God has blessed us and endowed our young country with vast resources, in terms of fertile lands, forests, water resources, mineral and petroleum resources among others,"...
05 December 2013
Obama withdraws AGOA preferences from Mali and Guinea-Bissau, confirms addition of South Sudan
US President Barack Obama on Thursday stripped Mali and Guinea-Bissau of their US trade privileges, citing backtracking from democracy in the two countries. In an annual assessment of benefits conferred by the Africa Growth and Opportunity Act (AGOA) programme, Obama added the fledgling nation of South Sudan to the list of African nations enjoying preferential trade treatment. Both Mali and Guinea-Bissau were hit by coups in the last...
21 December 2012
South Sudan runs out of time for oil transit alternatives
Ongoing border and oil disputes and the halting of oil production by South Sudan has led to renewed clashes between Khartoum and Juba, the specter of another war and the buckling of South Sudan’s underdeveloped economy. On 26 March, clashes erupted between the Sudan People’s Liberation Army (SPLA) of South Sudan and the Sudan Armed Forces (SAF) in a number of border-area hotspots. Fighting is ongoing in the states of Kordofan and Unity,...
28 March 2012
US extends trade benefit programme to South Sudan
President Barack Obama on Monday added oil exporter South Sudan to a US trade programme for developing countries, allowing the newly independent nation to ship oil and thousands of other goods to the United States without paying US import duties. “The GSP (Generalised System of Preferences) programme is an important tool for helping developing countries to grow their economies through increased trade,” US Trade Representative Ron Kirk...
27 March 2012
US Govt. fact sheet: Supporting South Sudan’s Vision for the Future
The United States hosted the International Engagement Conference for South Sudan to welcome the new country to the international community and provide a forum for the Republic of South Sudan (RoSS) to highlight its development priorities and opportunities for engagement with public and private sector partners. From the involvement of ten co-sponsors to the participation of over 25 countries, this conference demonstrated the continued...
15 December 2011
South Sudan: Country may be included in AGOA Bill
A Bill to extend the African Growth and Opportunity Act (AGOA) provisions on third-country fabric and on the inclusion of Africa's youngest country, South Sudan, has been introduced in the United States (US) Congress. [Note: copy of legislation is available here on AGOA.info at the following LINK] If passed, the amendments would extend the current provision on the third country clause on textile products which is scheduled to expire in...
29 July 2011