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US pushes for new ‘green’ AGOA deal

Confident: Kgafela says Botswana is supremely placed to benefit the most in the revised AGOA. Government is working with the US to better prepare local businesses for the trade deal 
PIC: MBONGENI MGUNI
Confident: Kgafela says Botswana is supremely placed to benefit the most in the revised AGOA. Government is working with the US to better prepare local businesses for the trade deal PIC: MBONGENI MGUNI

The new African Growth and Opportunities (AGOA) trade deal between Africa and the United States is expected to feature stricter requirements for climate sensitive production and sourcing, a demand that could weigh on business volumes from some countries.

BusinessWeek has learnt that on top of the existing tight protocols on governance required of African governments to remain as AGOA beneficiaries, the US also wants more adherence to Environment, Social and Governance (ESG) standards from the African corporates wanting to do business with the world’s richest market.

AGOA, which provides preferential trade access to the US for participating African countries, expires in 2025 and is currently undergoing talks towards renewal. At the US Africa Leaders’ Summit held in Washington D.C. last month, senior US government representatives, including members of Congress held high level talks with senior officials from more than 40 African governments on laying the ground rules for renewal.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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