August 4, 2014
THE ENTIRE OBAMA LEGACY WILL BE TRADE:
U.S., Africa Aim to Boost Trade (WILLIAM MAULDIN in Washington and DREW HINSHAW in Accra, Ghana, Aug. 4, 2014, WSJ)
Posted by Orrin Judd at August 4, 2014 8:36 PMU.S. and African leaders meeting in Washington on Monday kicked off a campaign to renew a program that gives exemptions on U.S. tariffs and quotas in an effort to boost trade and stimulate the economies of sub-Saharan African countries.Leaders in the U.S. and Africa are looking to spur economic ties at a time when trade between the two is sinking and China's hunger for commodities is boosting Beijing's influence on the continent.American officials and lawmakers say extending the 14-year-old African Growth and Opportunity Act, or Agoa, is crucial to preserving trade ties with fast-growing African countries, especially when U.S. trade negotiations at the World Trade Organization and with other major economies have stalled.