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- For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week.
- According to the Ministry of Commerce of the People’s Republic of China, the forum is expected to spread across the continent, with different countries hosting it in the coming years.
- The Asian country is keen to continue its influence and trade dominance on the African continent.
China has launched a charm offensive on Africa in renewed efforts to tighten its grip on the continent. The West has recently shown growing interest in political and investment corporations, and China is seen as keen to continue its influence on the continent.
For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week. According to the Ministry of Commerce of the People’s Republic of China, it is expected to go around the continent, with …
- The proposed AGOA extension signals a commitment to bolstering trade relations between the US and Africa.
- US Senators Chris Coons and James Risch have introduced the bipartisan Agoa Renewal and Improvement Act of 2024, aiming to integrate AGOA with the AfCFTA.
- Bill aims to refine AGOA’s eligibility criteria, increase transparency, and hold US agencies accountable for their advice to the president: Senator Risch
AGOA extension proposal
The US Congress has proposed extending the African Growth and Opportunity Act (Agoa) to 2041, covering all 54 African countries. Senators Chris Coons of Delaware and James Risch of Idaho introduced the bipartisan Agoa Renewal and Improvement Act of 2024, aiming to integrate Agoa with the African Continental Free Trade Agreement (AfCFTA) to foster intra-African supply chains.
Originally enacted in 2000, Agoa is set to expire next year. However, the proposed extension signals a commitment to bolstering trade relations between the United States and …