US USTR Excludes Ethiopia, Mali, and Guinea from Preferential Tariff Program
[Asia Economy Reporter Joselgina] The United States Trade Representative (USTR) announced on the 1st (local time) that it has excluded three African countries?Ethiopia, Mali, and Guinea?from tariff exemption eligibility.
USTR stated, "The governments of these countries have engaged in actions that violate the provisions of the African Growth and Opportunity Act (AGOA)," and announced their exclusion from the trade preference program under AGOA.
AGOA is a system that grants duty-free benefits on exports to the United States for African countries that meet certain conditions, such as the removal of trade and investment barriers for U.S. companies, promotion of political pluralism, rule of law, and human rights policies. Earlier, U.S. President Joe Biden had warned that these three countries could be excluded from the U.S. preferential tariff program.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "One Comment Could Lead to a Report": 86% of Elementary Teachers Feel Anxious; Half Consider Resignation or Career Change
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
USTR mentioned, "The U.S. government is deeply concerned about the unconstitutional regime changes in Guinea and Mali, as well as serious human rights violations committed by the government in the northern Ethiopia region."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.