Non-oil exports from Africa to US under AGOA reaches $4.2b, bilateral trade grows to $38.5b - News Summed Up

Non-oil exports from Africa to US under AGOA reaches $4.2b, bilateral trade grows to $38.5b


Non-oil exports from Africa to US under AGOA reaches $4.2b, bilateral trade grows to $38.5b….US says working to make trade with Africa more reciprocalDespite the huge trade deficit between the United States and African countries, a US government official says the country is working to make trade with the continent more reciprocal. He says trade has been positive as total US, Africa trade rose from 16.8 per cent from $33 billion in 2016 to $38.5 billion in 2017. “AGOA’s special benefit is offering duty free market access for thousands of products eligible to African countries. Madagascar registered growth in garment exports under AGOA by more than 57 per cent to $152 million and Ethiopian exports to the US under AGOA rose 35 per cent to $92 million. The USAID is helping African countries to remove trade and investment barriers that have limited the benefits of AGOA as well as impeding intra-Africa trade, he said.


Source: Ethiopian News February 13, 2018 17:26 UTC


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