USTR, African Union Say They Want More Trade, Investment
The U.S. intends to cooperate on the development of the African Continental Free Trade Area, according to a joint statement signed by the African Union and the Office of the U.S. Trade Representative on Aug. 5. "The United States and…
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the African Union intend to jointly identify subject areas related to the ongoing negotiation and implementation of the AfCFTA as subjects for cooperation and for possible technical assistance and capacity building," they said. The U.S. wants to go beyond the African Growth and Opportunity Act, which is scheduled to expire in 2025, the statement said.