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The theme this year: “AGOA and the Future: Developing a New Paradigm to Guide U.S.-Africa Trade and Investment.”
U.S. companies see significant potential for increased trade in Africa despite areas of concern including intellectual property enforcement and digital trade, they said in comments submitted to the U.S. International Trade Commission ahead of a hearing on Wednesday.
The hearing is set for Aug. 27.
The proposal calls for more panelists; longer, non-renewable terms; and rulings beyond 90 days “in exceptional circumstances.”
The U.S. International Trade Commission on Friday launched a Section 332 investigation examining U.S. trade and investment in sub-Saharan Africa after U.S. Trade Representative Robert Lighthizer sent a request to the agency last month.
The information covers countries in Southeast Asia, Africa and South America, he said.
One goal is to pursue “exploratory talks on a future bilateral trade and investment framework.”
A Turkish steel manufacturer is challenging the administration’s decision last August to ratchet up Section 232 tariffs on steel from Turkey, arguing the action fell outside of the president’s powers under the 1962 Trade Expansion Act and asking to be repaid.
A subsidiary of a major Turkish steel manufacturer is challenging the administration’s decision last August to ratchet up Section 232 tariffs on steel from Turkey, arguing the action fell outside of the president’s powers under the 1962 Trade Expansion Act and asking to be repaid.
The Trump administration will have its hands full in 2019, with new talks slated to begin with Brussels, Tokyo, London and potentially more, as well as the implementation of a revised deal with South Korea. The fate of the U.S.-Mexico -Canada Agreement will also be determined next year by a new Congress.
Sen. Chris Coons (D-DE) this week said the chances that the U.S. will strike a bilateral deal with an African country remain slim, citing a lack of enthusiasm among African officials and recent conversations with Trump administration officials.