Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Clinton to push for greater US trade with Africa

LUSAKA: Secretary of State Hillary Clinton arrived Friday in Zambia for African trade talks to encourage nations to clear trade barriers within the region and with the United States.
Her visit raised the profile of the annual US trade talks with Africa, where 1,600 government officials, business leaders and activists from 31 countries began meeting on Thursday.
Clinton's trip here is another sign of growing interest in African economies, which the International Monetary Fund expects to grow faster than the global average in the coming years.
Six of the world's 10 fastest-growing economies were in Africa last year, and the African Development Bank has signaled the rise of a middle class of more than 300 million people on the continent.
The first US chief diplomat to visit Zambia since 1976, Clinton is attending the ministerial forum of the African Growth and Opportunity Act (AGOA), an 11-year-old deal that gives African exports duty-free status on the US market.
A senior US official accompanying the secretary said Clinton will encourage ministers to lift trade barriers between their countries, cut red tape, fight corruption, as well as invest more in roads and ports.
Clinton will also promote closer US-African business links and stress US help for Africans wanting to launch or expand businesses, the State Department official said on the customary condition of anonymity.
The law grants 37 African nations duty-free access to the US market, with a handful of countries like Somalia, Sudan and Zimbabwe excluded because of conflicts, coups or political turmoil.
Last year, AGOA-eligible countries sent $44 billion worth of exports to the US market, but only $4 billion dollars of that was in non-oil products.
The State Department official said nonetheless that non-oil products — such as apparel, footwear, processed agricultural products, and other manufactured goods — have increased four-fold since AGOA was launched in 2000.
Most of Africa's manufactured exports come from regional powerhouse South Africa, with the rest of the continent dividing the remainder.
One provision of the law, which allows many countries to export clothing made from imported fabrics, has ironically helped the growth of Chinese-owned factories in countries like Swaziland.
China has overtaken the United States as Africa's top trading partner, after trade soared more than 40 percent last year to $126.9 billion.
"Generally speaking, I think the Chinese have been more aggressive in terms of trade into the region. The trade that has been there between the US and Africa, it's long term," said Mupelwa Sichilima, of Trade and Industrial Policy Strategies, a South African think-tank.
Some African nations have leaned toward China because Beijing makes no demands on human rights or democracy.
But Sichilima said that in practice, other restrictions hinder African trade with both the United States and China — mainly practical considerations like safety standards for food products.
"Even though the markets are open, most exporters cannot meet the stringent rules that are required both in AGOA and also in China," he said.
"China is just an alternative market that has come on board, but it doesn't mean it will swallow everything from Africa."
The US trade talks come ahead of a free trade summit Sunday in Johannesburg, where 26 African nations will launch negotiations to pull down barriers in countries stretching from the Cape to Cairo.


Clic here to read the story from its source.