World Economic Forum: What’s Next For AGOA And U.S. – Africa Trade?

AFK_Logo African economies have changed and trade relations need to evolve since the U.S. first started offering duty-free access to certain countries under the African Growth and Opportunity Act, said U.S. Trade Representative Michael Froman in a Bloomberg interview.

Since AGOA first started in 2000, African economies have become more integrated and they’ve changed in terms of demographics, development and technology, Froman said in Kigali, Rwanda, at the World Economic Forum.

A deadline is looming for Froman’s office to update Congress on sub-Saharan African countries that want to negotiate free-trade agreements with the U.S., Politico reported.

The U.S. is consulting with African officials, business leaders and regional experts on what should happen next.

AFK Insider: World Economic Forum: What’s Next for AGOA and U.S.-Africa Trade?

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