African textile, apparel sector urges US to renew “cornerstone” trade programme| glObserver Global Economics


  African textile and apparel manufacturers have raised concerns that the US Congress is running out of time to renew a major trade programme that has contributed to increasing employment and attracted investments into the region.

Source: globserver.cn

The non-reciprocal trade preference scheme, which was signed into law in 2000, is intended to offer incentives for African nations to continue their efforts to “open their economies and build free markets”, according to the US Department of Commerce. Agoa has been described as “the cornerstone” of the US-African commercial relationship, according to experts at the Brookings Institution, a large US research centre.

See on Scoop.itglobserver africa

Author: globserver

Director of Eyecom china

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s