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International Trade is the bedrock of human progress, and a country cannot lead or stay with the tide of progress if it closes its doors to its neighbors. This unfortunately has been the case with countries within the African continent, which have traditionally imposed more restrictive trade measures on other African countries, preferring to trade with non-African countries.

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There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to “promote equitable, sustainable, and inclusive trade; boost competitiveness; and attract investment to the continent.”

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Any country that closes its doors to social, economic, and other forms of interaction with others thrives on self-deceit; its citizens and economy would be limited because no country can exist and excel in isolation.

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South Africa: Increased quota for United States frozen bone-in chicken

 
The annual quota for frozen bone-in cuts of the species Gallus Domesticus originating in, or imported from, the United States (US) has been increased from 71,290 tonnes to 71,632 tonnes, with retrospective effect from 1 April 2022.

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Burundi: African Development Bank approves trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu)

 
PRESS RELEASE: The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu).

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WTO: a slowdown in world trade growth in 2023

  April 6, 2023

World trade growth is expected to slow this year, dampened by the war in Ukraine, inflation, tighter monetary policies, and financial uncertainty, according to WTO projections released on Wednesday. The outlook for the global economy has improved slightly since the World Trade Organization's most recent trade forecast was released in October, but the pace of trade expansion in 2023 is expected to be "weak".

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U.S Vice President Kamala Harris unveils billions in investment on Africa tour

  April 3rd, 2023

US Vice-President Kamala Harris heads to Africa to cement the Biden administration's strategy to strengthen the US-Africa relationship and expand private sector investment. But what is Washington's end-game on the continent? Kamala Harris started a weeklong trip to Africa on 26 March in a bid to ramp up US investment on the continent and counter the rising influence of Russia and China.

 

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US Vice President Kamala Harris visits Africa

  March 25, 2023
US Vice President, Kamala Harris, starts this Saturday a week-long trip to Africa in what is being seen as the latest attempt at counterbalancing China's influence. Vice President Harris is expected to visit Ghana, Tanzania and Zambia as she focuses on economic development, climate change, food security and a rising youth population

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United States and Kenya to Hold First Negotiating Round under their Strategic Trade and Investment Partnership

  March 16, 2023
WASHINGTON – The United States and Kenya will hold an in-person negotiating round under their Strategic Trade and Investment Partnership (STIP) in Kenya from April 17-20, 2023.  The United States delegation will be led by Assistant United States Trade Representative Connie Hamilton, and will include representatives from several other U.S. government agencies.
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