Tanzania

Monday, 05 October 2015

e Tanzania-based East African Community, an inter-governmental organization comprising of Burundi, Kenya, Rwanda, Uganda, and Tanzania, is pushing for its own long-term preferential trade agreement with the United States in an effort to mitigate the risk of being removed from the unilateral Africa Growth and Opportunity Act (AGOA). EAC representatives say that AGOA’s dependence on U.S. congressional approval makes it too risky to depend on and that the recent 10-year extension is not enough for the continent to increase its trade volume significantly. The group is pressing the U.S. Trade Representative to consider a partnership similar to one it already has with Europe that protects from “undue competition.” (Fibre2Fashion)

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