TRALAC - Trade Law Centre

Joint statement between the US and the African Union concerning the development of the AfCFTA

Thursday, 08 August 2019 Published: | USTR

Source: Office of the USTR

Deputy United States Trade Representative C.J. Mahoney and African Union Commission Commissioner for Trade and Industry Albert Muchanga today signed a joint statement concerning trade between the United States and the African Union at the opening ceremony of the 2019 African Growth and Opportunity Act (AGOA) Forum. 

The text of the Joint Statement is below:

The United States and the African Union share a common goal of enhancing the African Union’s efforts to increase continental trade and investment under the African Continental Free Trade Area (the “AfCFTA”).

The United States and the African Union share a mutual desire and common goal to deepen dialogue and cooperation on trade and investment matters and to increase trade and investment between the United States of America and Africa.

The United States recognizes the African Union’s expression of interest to work closely together to identify ways the United States can cooperate on the development of the AfCFTA.  The United States recognizes that one of the African Union’s principal aims is to promote sustainable development as well as the integration of African economies.

The United States and the African Union intend to work together with respect to the AfCFTA to promote a sound trade policy environment, regional economies of scale, and the increased flow of goods and services on the continent in order to increase both continental trade and investment, as well as trade and investment between the United States and Africa.

The United States and the African Union intend to jointly identify subject areas related to the ongoing negotiation and implementation of the AfCFTA as subjects for cooperation and for possible technical assistance and capacity building.

The United States and the African Union intend to work together to develop activities that support these priority objectives.

The United States and the African Union share a mutual desire to pursue deeper trade and investment ties beyond the African Growth and Opportunity Act, which is scheduled to expire in 2025, eventually leading to a continental trade partnership between the United States and Africa that supports regional integration.

Signed at Abidjan, Côte d’Ivoire, August 5, 2019, in the English language.

maloney muchanga agoa 900

statement

 

Related News

US-African trade lagging despite free access

US-African trade lagging despite free access

Trade between the US and sub-Saharan Africa is in the doldrums despite a 2000 US law designed to boost access to the US market, a conference in Ivory Coast has been told. The African Growth and Opportunity Act (Agoa), which in 2015 was extended to 2025, provides tariff-free access on 6,500 products to 39 countries, ranging from oil and agricultural goods to textiles, farm...

08 August, 2019
AGOA closing remarks by the US Assistant Secretary for African Affairs Nagy

AGOA closing remarks by the US Assistant Secretary for African Affairs Nagy

Bonjour tout le monde. C’est un grand honneur de conclure officiellement le Forum AGOA 2019 à Abidjan.  Tout d’abord, je voudrais remercier le gouvernement ivoirien d’avoir accueilli le forum de l’AGOA. I’m especially honored to be here alongside the Prime Minister of Cote d’Ivoire, the Honorable Amadou Gon Coulibaly. I’m always happy to come back to...

07 August, 2019
South Africa: AGOA's positive impact felt in the Cape

South Africa: AGOA's positive impact felt in the Cape

Two hundred and twenty years ago, the second US President John Adams sent an American, John Elmsie Jr, to Cape Town to serve as the first US government diplomatic representative to the Cape of Good Hope.  Elmsie’s presence was largely focused on commerce; he studied the local economy, reviewed regulations and worked to encourage US trade.   Since...

07 August, 2019
Africa wants one trade deal with the US, the US wants many

Africa wants one trade deal with the US, the US wants many

The US and Africa have different views on their future trade relationship when a preferential access deal expires in 2025. US Assistant Secretary of State for African Affairs Tibor Nagy said in an interview Sunday his country favours bilateral trade agreements with African nations. A day later, African Union Trade and Industry Commissioner Albert...

06 August, 2019
Remarks of Ambassador C.J. Mahoney at the 2019 AGOA Forum in Abidjan, Côte d’Ivoire

Remarks of Ambassador C.J. Mahoney at the 2019 AGOA Forum in Abidjan, Côte d’Ivoire

Deputy United States Trade Representative C.J. Mahoney delivered the following remarks at the opening ceremony of the 2019 African Growth and Opportunity Act (AGOA) Forum: Good morning President Ouattara, esteemed Ministers and heads of delegations from our AGOA Partner Countries, Secretaries-General and Commissioners of the Regional Economic Communities and the African...

05 August, 2019