U.S. cuts off Ethiopia, Mali, Guinea from Africa duty-free trade program By Reuters

2/2
© Reuters. U.S. flag atop the White House is pictured early in the morning after U.S. President Donald Trump was taken to hospital in the wake of his coronavirus disease (COVID-19) diagnosis, in Washington, D.C., U.S. October 3, 2020. REUTERS/Ken Cedeno TPX IMAG

2/2

WASHINGTON (Reuters) – The United States on Saturday blocked Ethiopia, Mali and Guinea from access to a duty-free trade program, following through on President Joe Biden’s threat to do so over human rights violations and recent coups.

“The United States today terminated Ethiopia, Mali and Guinea from the AGOA trade preference program due to actions taken by each of their governments in violation of the AGOA Statute,” the U.S. Trade Representative’s office said in a statement.

President Joe Biden warned in November that Ethiopia would be cut off from the AGOA duty-free trading regime due to alleged human rights violations in the Tigray region, while Mali and Guinea were targeted due to recent coups.

“The Biden-Harris Administration is deeply concerned by the unconstitutional change in governments in both Guinea and Mali, and by the gross violations of internationally recognized human rights being perpetrated by the Government of Ethiopia and other parties amid the widening conflict in northern Ethiopia,” the USTR statement said.

“Each country has clear benchmarks for a pathway toward reinstatement and the Administration will work with their governments to achieve that objective.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

by : Reuters

Source link

Capital Media

Read Previous

Calisto Tanzi, Parmalat founder convicted over huge 2003 bankruptcy, dies at 83 By Reuters

Read Next

EU Taxonomy: Commission begins expert consultations on Complementary Delegated Act covering certain nuclear and gas activities