Duty-free access for nearly 40 African countries in a U.S. trade program is no longer enough to boost their development, Tai said.
U.S. Trade Representative Katherine Tai takes part in a news conference in Ottawa, Ontario, Canada May 5, 2022. REUTERS/Blair Gable
Speaking at a U.S. Export-Import Bank conference, Tai said ministers told her they needed more investment in addition to market access. AGOA, first enacted in 2000 to boost growth, development and governance reforms in Africa, is due to expire on Sept. 30, 2025. The program also requires steps such as such as eliminating barriers to U.S. trade and investment.
"The future is Africa, and engaging with this continent is the key to prosperity for all of us," Tai added.
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