US lawmakers plan to extend Agoa through 2041

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South Africa Headlines News

Extension to provide certainty to businesses, boost investment.

US senators introduced a bill to extend the nation’s trade programme with about 40 sub-Saharan African nations until 2041, helping them maintain duty-free access to the world’s biggest economy.

Last year, President Joe Biden terminated four nations’ eligibility for the act’s benefits because they failed to meet Congress’s requirements on respecting human rights and democracy.

Source: News Formal (newsformal.com)

 

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