Mmegi

US trade deal: What’s AGOA’n on?

Tuesday, January 21, 2025 | 640 Views |

Grinding away: Textiles used to be Botswana’s primary exports to the US under AGOA. However, these dropped to zero in previous years, owing to a host of
challenges in the local sector. Under the new AGOA strategy, companies like KGK Diamonds are exporting diamond jewellery pieces to the world’s biggest economy
PIC: MORERI SEJAKGOMO

AGOA, the US preferential trade agreement with Africa, expires in September, with the continent having failed to secure an early renewal. For Botswana, AGOA, underpins hopes for value added diamond activities such as jewellery manufacturing, writes MBONGENI MGUNI

Congresswoman, Sheila Cherfilus-McCormick, says in the global competition for economic ties with Africa, the United States is “probably” fourth. This is despite the US, particularly during President Joe Biden’s term, pledging to become Africa’s preferred trade and economic partner.

Africa not only boasts a proven 30% of the world’s critical minerals, but also has the youngest population, fastest democratising countries and more growth potential than most of the world.

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