The United States will exclude Burkina Faso from the trade agreement linking the world’s leading power to African countries, the White House announced Wednesday, November 2.
The East African Community (EAC) partner states have been challenged to increase their volume of transactions under regional and international trade agreements.
US removes Ethiopia, Mali and Guinea from duty-free trade programme over alleged rights violations and recent coups.
Separate statements issued by both Kenya’s Trade Cabinet secretary Betty Maina and her US trade chief Katherine Tai, after a virtual meeting last Tuesday did not provide any timelines for resuming the stalled talks on the deal signalling a persisting deadlock.
Kenya and the US have revisited discussions on trade policies, giving hope to the stalled Free Trade Agreement (FTA) that started more than a year ago.
In response to human rights violations, the United States announced this week that it plans to suspend Ethiopia, Mali and Guinea from duty-free access to American markets as of January 1.
Kenya has again appealed to Uganda for a joint strategy on accessing the European market through the stalled EU/EAC Economic Partnership Agreement (EPA).
There is a sense of drift in Africa’s trade relations with the West, as both America and Europe rethink how they do business with the continent. The old approach was paternalistic and gave Africans little say. But the new one, handled badly, could put Africa’s own integration at risk.
The US’s trade chief plans to convene a meeting with African ministers before the end of the year to strengthen partnerships and discuss a law that provides duty-free access to the U.S. for thousands of goods from sub-Saharan nations.
The strategy seeks to increase Namibia’s exports under the AGOA program, which allows Namibia to export over 6,400 products tariff-free to the United States.
The revised African Growth and Opportunity Act (AGOA) National Response Strategy for Botswana remains one of the mechanisms towards economic diversification and SME sustainable development
The Biden administration will review bilateral trade negotiations and targets that ex-President Donald Trump regime made with Kenya last year over a potential free trading deal. The start of the trade talks could be delayed.
South Africa’s preferential market access to the U.S. is under review, however, the country is apprehensive about striking a new trade deal with the U.S. and would rather maintain existing relations with the world’s largest economy.
The Donald Trump’s administration is seeking abolition of import duty on agricultural exports to Kenya.
Negotiations over a trade agreement between Kenya and the US have resumed. The deal could undermine African common markets and flood Kenya with cheap maize and chicken.
Kenya’s need to export value-added agricultural products dominated the first round of talks with America after its formal launch on Wednesday last week.
Kenya should abandon or, at the very least, postpone the United States-Kenya Free Trade Agreement negotiations to a later date, civil society groups say in letter to the AfCFTA Secretariat.
AGOA doesn’t expire until 2025, but the industry looks for certainty to the region in the face of the pandemic and upcoming US trade talks with Kenya.
The Ministry of Trade should ensure that eventual agreements promote Uganda’s aspiration for industrialisation and provide the policy space for government to be able to use a range of trade policy instruments.
The announcement immediately drew criticism from the US government, which previously threatened to exclude South Africa from a preferential trade agreement after a disagreement over the levies in 2015.