ISDS Case Map
Africa
South Africa will motivate for the extension and renewal of the US preferential trade framework the African Growth and Opportunity Act (AGOA) for itself and other African countries.
Despite US threats that it should be moved to another country, South Africa will continue to host a summit between the US and beneficiaries of the African Growth and Opportunity Act (AGOA) in November.
The top US trade official said renewing the nation’s preferential access programme for African products without changes counters the Biden administration’s objectives in global commerce.
This past summer, the global trade regime finalized details for a revolution in African agriculture. Under a pending draft protocol on IPR, the trade bodies sponsoring the AFCFTA seek to lock all 54 African nations into a proprietary and punitive model of food cultivation.
Tunisia’s ministry of Trade is set to amend a free trade agreement with Turkey, believed detrimental to the North African country, reports say.
A memorandum of understanding (MoU) was signed in December 2022, between the United States (US) trade representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC.
In order for businesses to fully take advantage of the opportunities provided by South Africa being part of BRICS and Africa, several infrastructure challenges have to be overcome, which the African Continental Free Trade Agreement (AfCFTA) could help solve.
Accelerate the construction of a large African trade zone free of customs duties, in particular. This is what Comorian President Azali Assoumani, who this year holds the presidency of the African Union, is committed to.
A few days after the Russia-Africa Summit, Russia has announced that it is working on a free trade agreement with several North African countries, including Morocco.
