ETHIOPIA EYEING EMERGING MARKET INVESTMENT AS USA MAINTAINS AGOA BAN ON COUNTRY OVER HUMAN RIGHTS CONCERNS
November 13th, 2024
The Biden administration’s September 6 (2024) decision to renew the suspension of Ethiopia from membership of the African Growth and Opportunity Act (AGOA), which once granted the Horn of Africa duty-free access to the USA, is forcing Africa’s second most populous country to look east for alternative textile and clothing investment and export sales. Its industry and government want to revive a textiles and apparel sector that has been experiencing sluggish growth since the USA’s January 2022 suspension of Ethiopia’s AGOA privileges. Indeed a 2022 World ...
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