Us Trade Agreements Africa

Genetically modified organisms (GMOs). The U.S. agri-food industry is an innovator in GMOs and related technologies that improve yields and reduce demand for chemical fertilizers and pesticides. Kenya strongly opposes the importation of genetically modified foods. These food products are not allowed to enter or cross Kenyan ports to other destinations. Like the WTO Agreement on Health and Plant Health Standards (SPS), U.S. trade agreements require that the rules be scientific and factual, which is a conflict with Kenya`s attitude towards GMOs. This disagreement could have an impact on small and medium-sized enterprises, particularly in the agricultural sector, which depend on low-cost raw materials and other inputs. Based on discussions with industry representatives in the United States and Kenya, we believe that both sides will be able to find a satisfactory solution to this issue. The free trade area can only enter into force if all protocols from at least 22 countries are finalized and ratified.

Companies frustrated by trade barriers could use a “non-tariff barrier mechanism” in the agreement to signal commitments on trade problems and ask for solutions, Muchanga says. IRS calculations based on trade statistics (U.S. consumer imports) from the Trade Dataweb ( of the U.S. International Trade Commission and the Global Trade Trade Trade Database. Between 2012 and 2014, more than 75% of the continent`s exports were extracts; Yet, during the same period, less than 40% of intra-African trade, according to the African Union (AU), were extracts from de-demerit, underscores the need to boost trade within the continent. WAEMU87 consists of Benin, Burkina Faso, Côte d`Ivoire, Mali, Niger, Senegal, Togo and Guinea-Bissau, the only non-French-speaking member. This grouping was originally created to promote economic integration between countries that share the CFA franc (African Financial Community), a currency linked to the French franc before its demise in 2000 (but still supported by the French Treasury). Member States defended the long-term goal of a comprehensive economic union, with a common market, macroeconomic convergence, regulatory harmonisation and a common investment policy. In 1995, a tariff preference regime was concluded for Member States and in 2000 a customs union with a common external tariff of 22% came into force. WAEMU countries have established a common accounting system, periodic revisions of Member States` macroeconomic policies, a regional stock exchange and a legal and regulatory framework for a regional banking system88.

Like the agreement between the United States and Mexico, the environmental chapter will ideally include measures to combat wildlife trafficking, illegal exploitation and fishing, fishing subsidies and marine pollution. This will be particularly important if fisheries are not addressed at the next Ministerial Conference of the World Trade Organization. The main question mark is how a bilateral free trade agreement deals with tariffs, tariffs and trade facilitation. As a member of the EAC Customs Union, Kenya is bound by the group`s common external tariff. The progress of bilateral discussions in this area is not clear. AGOA also authorized the President to provide technical assistance and commercial capacity assistance to AGOA recipient countries. Government authorities involved in these efforts include the U.S. Agency for International Development, the U.S.

Trade Representative for Africa (founded by AGOA law), Overseas Private Investment Corporation, Export-Import Bank, U.S. and Foreign Commercial Service, and the Trade and Development Agency. In AGOA, Congress stated that, where possible, free trade agreements should be negotiated with interested SSA countries. As part of this provision, negotiations for a free trade agreement with the South

Comments are closed.