U.S. Trade Representative Katherine Tai takes part in a news conference in Ottawa, Ontario, Canada May 5, 2022. REUTERS/Blair Gable
Speaking at a U.S. Export-Import Bank conference, Tai said ministers told her they needed more investment in addition to market access. AGOA, first enacted in 2000 to boost growth, development and governance reforms in Africa, is due to expire on Sept. 30, 2025. The program also requires steps such as such as eliminating barriers to U.S. trade and investment.
"The future is Africa, and engaging with this continent is the key to prosperity for all of us," Tai added.
Africa doesn't want zero-sum business relationship with the U.S. And after what happened to Russia where the West has clearly demonstrated how easily they can steal/freeze your assets, doing business with the West is now more downright risky than ever.
US, make up your mind. 'Development' or 'debt trap'?
I’ll forward you a letter I got recently, it’s from an African prince wanting to invest 26.4 million dollars, just give him your banking info.