Despite its challenges, Africa is incredibly dynamic and resilient, offering “extraordinary opportunities” for the United States, according to US president, Barack Obama.
Speaking at a White House reception on Wednesday ahead of his trade trip to Ethiopia and Kenya, Obama hailed the growth in American economic links with sub-Saharan Africa, commenting that the extended African Growth and Opportunity Act (Agoa) law would continue to encourage good governance, labour rights and human rights in Africa.
Obama last month signed a 10-year extension of the country's main trade authority with Africa — a 15-year effort that boosted US-Africa trade to US$73 billion last year, with US exports accounting for slightly more than half of that total, according to a White House statement.
Obama travels to East Africa to cement trade ties
Comments | 0
© Now Media. This content is protected by copyright and may not be adapted or republished. If you would like to discuss cooperation opportunities, please contact: editor@freightnews.co.za.
