The Latest Breaking News from AGOA

Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington's flagship trade initiative with Africa, its economy minister said on Monday.

The United States has dropped Burkina Faso from its AGOA trade preference program citing deep concerns over "unconstitutional change" in government in the West African country, the U.S. Trade Representative's (USTR) office said on Sunday.

The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus on improving investment is needed, U.S. Trade Representative Katherine Tai said on Tuesday.

African leaders face a dilemma over trade relations with the United States. Should they push for the extension of the Africa Growth and Opportunity Act (AGOA) or for each country’s bilateral trade deal with the world’s biggest economy?

Last year, the US’s Biden administration announced plans to increase two-way trade and investment between the US and Africa. The starting point was a revamp of the Trump-era “Prosper Africa initiative”. As American secretary of state Antony Blinken visits three African nations – South Africa, Democratic Republic of Congo and…

Three African countries’ manufacturers have lost their tariff-free access to the US market this year. This follows the US decision in November last year to suspend Ethiopia, Mali and Guinea from the African Growth and Opportunity Act. The reason given for the decision was that it was in response to…