Skip to content
September 12, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Africa-US trade programme needs at least 10-year extension – AU 
  • Business & Economy

Africa-US trade programme needs at least 10-year extension – AU 

Admin November 2, 2023

Nov. 2, 2023

Africa wants the U.S. Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union’s top trade official said on Thursday, adding that any modifications to the initiative should only be considered later.

Speaking at the start of three days of meetings of African trade ministers and U.S. officials, AU Trade Commissioner Albert Muchanga also said the United States will not be granted tariff free access to a new African free trade area.

First launched in 2000, the African Growth and Opportunity Act (AGOA) grants exports from qualifying African countries duty free access to the United States – the world’s largest consumer market. It is due to expire in September 2025, and discussions are currently under way for its possible renewal.

“(An extension of) 10 to 20 years is very critical to the investment community. Anything lower than that would generate uncertainty,” Muchanga told the ministers, who gathered in Johannesburg to form a common position on the future of the programme.

The African ministers are due to meet with U.S. officials, including U.S. Trade Representative Katherine Tai, on Friday and Saturday.

U.S. lawmakers and the Biden administration have voiced support for renewing AGOA, which saw over $10 billion worth of African exports enter the United States duty free last year.

However, there is debate in Washington over whether the initiative needs updating.

Constance Hamilton, the Biden administration’s top trade official for Africa, said last week that Congress should consider changes that would “make the programme more impactful”.

African governments and some U.S. industry groups warn that attempting to modify AGOA as part of the renewal process could delay its reauthorisation.

“If there are any enhancements to be made, those should be done after the extension,” Muchanga said.

AGOA’s duty free provisions are currently one-sided. U.S. exports to African markets remain subject to national tariffs. Some U.S. lawmakers have in the past suggested the programme should be made more reciprocal.

Africa is in the process of setting up a new continent-wide free trade area, known as the AfCFTA, that aims to bring together 1.3 billion people in a $3.4 trillion economic bloc. Once fully implemented it will be the largest free trade area since the establishment of the World Trade Organization.

Muchanga told the ministers that many of the U.S. officials and lawmakers he had met to discuss AGOA’s renewal had assumed U.S. exports would be granted duty free entrance to the AfCFTA.

“I’ve told them very, very frankly that that is not possible,” he said. “If they try to export goods from the United States of America into Africa, they are going to meet national tariffs.”

The Biden administration said on Oct. 30 it intended to end the participation of Gabon, Niger, Uganda and the Central African Republic in AGOA over governance and rights failings.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: AfCFTA AGOA AU Constance Hamilton Joe Biden

Post navigation

Previous Konga TV Launches November 6th, Offers Free Adverts To Credible Merchants, Price Slash To Buyers
Next Belgium drafting new fuel quality law targeting African exports

Related Stories

MTN Nigeria Endorses eWorldForum and Book Launch as GSM Revolution Turns 25
  • Business & Economy

MTN Nigeria Endorses eWorldForum and Book Launch as GSM Revolution Turns 25

September 12, 2026
Dangote oil refinery buys 16 million barrels of Nigerian crude for October, sources say Aliko Dangote
  • Business & Economy

Dangote oil refinery buys 16 million barrels of Nigerian crude for October, sources say

September 10, 2026
Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supply Aliko Dangote
  • Business & Economy

Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supply

September 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌‌​‌​​‌​rescue abducted Cleric, recover pistol, stolen phone in Ebonyi pit
  • Metro News

Police ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌‌​‌​​‌​rescue abducted Cleric, recover pistol, stolen phone in Ebonyi

September 12, 2026
Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases Ondo state
  • National News

Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases

September 12, 2026
MTN Nigeria Endorses eWorldForum and Book Launch as GSM Revolution Turns 25
  • Business & Economy

MTN Nigeria Endorses eWorldForum and Book Launch as GSM Revolution Turns 25

September 12, 2026
RUSSIA-UKRAINE WAR: How young Africans are tricked to fight and die for Russia
  • Special Reports

RUSSIA-UKRAINE WAR: How young Africans are tricked to fight and die for Russia

September 12, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.