African countries plan trade talks with America during June or July about keeping duty-free access to US markets. South African Trade Minister Parks Tau believes saving the African Growth Opportunity Act will prove challenging. The trade agreement expires this September. African trade ministers meet in the Democratic Republic of Congo on Tuesday to discuss their next steps together.
Trump's April tariffs replaced benefits from the 25-year-old agreement that helped many poor African nations. South African officials started searching for alternative markets through discussions with other countries. AGOA provided African countries with special trade privileges until recent policy changes affected these arrangements. The upcoming negotiations might determine future economic relationships between Africa plus America.
Trump's April tariffs replaced benefits from the 25-year-old agreement that helped many poor African nations. South African officials started searching for alternative markets through discussions with other countries. AGOA provided African countries with special trade privileges until recent policy changes affected these arrangements. The upcoming negotiations might determine future economic relationships between Africa plus America.
