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.
The US has turned sharply against free trade over the past two decades, shifting from an era in which members and presidents of both parties generally embraced one free-trade pact after another.
Britain signed a memorandum of understanding on trade with the US state of Washington, and a top official said a similar agreement could be reached soon with Florida.
A US trade official stressed Mexico's need to address "serious concerns" from the United States of its energy measures, which were raised during consultations under a regional trade pact, the US Trade Representative's office said.
A bipartisan duo of US senators is leading a growing push to open up the continent’s “gold standard” trade agreement to include parts of Latin America in order to build a better bulwark against China’s geopolitical might.
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.
This text deals with the focus of IPEF, which is to reduce supply chain dependence on China and to create alternative networks of supply chains and prevent disruptions.