African Exports Face Immediate Damage From Lapse of US Trade Initiative
The lapse of a flagship US trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk, raising fears that even a promised extension may come too late.
There is bipartisan support in Washington for a renewal of the African Growth and Opportunity Act (AGOA), which waived US duties on thousands of goods from sub-Saharan African countries for the past 25 years.
But companies that invested in factories and farms to take advantage of duty-free...
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