Home Business US HOPES CONGRESS WILL EXTEND US-AFRICA PROGRAM.

US HOPES CONGRESS WILL EXTEND US-AFRICA PROGRAM.

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United States Deputy Treasury Secretary, Wally Adeyemo, says he hope Congress will extend a trade program that grants exports from qualifying African countries duty-free access to the US market, hailing the strategic opportunities in the region.

Adeyemo said the two-decade-old African Growth and Opportunity Act, dued to expire in 2025, had played an important role in Africa and should be extended.

African countries are pressing for at least a ten year renewal of the pact ahead of the 2024 US election.

President Joe Biden’s administration is also seeking the program’s reauthorization, but has called for certain reforms

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