Connect with us

Hi, what are you looking for?

markets

In Ethiopia, Guinea and Mali, Fears Rise Over Losing Duty-Free Access to US Market

“The U.S.

markets for 6,500 products — if those countries meet eligibility requirements such as promoting a market-based economy and good governance and eliminating barriers to U.S.

Ethiopia lost its AGOA trade benefits for alleged “gross violations” of human rights in the conflict spreading beyond the northern Tigray region, and the West African nations of Guinea and Mali were disqualified for “unconstitutional change” in their respective governments, the U.S.

Gracelin Baskaran, a development economist at Cambridge University, predicted the suspensions would have limited impact on Guinea and Mali.

“China is the biggest destination,” accounting for 16.6% of Ethiopian exports, “but the U.S.

Many of the 30 textile and apparel factories established to produce for the American market closed down or moved to nearby Lesotho, and the value of Eswatini textile and apparel exports to the U.S.

Along with his company’s direct sales to high-end department stores and boutiques, “we’ve had many wholesalers that actually buy from us, and then they in turn sell to retailers.

“They don’t have any conditions attached when they support or do business with you,” he said of Chinese officials.

Advertisement. Scroll to continue reading.

In Mali’s capital, Bamako, Moussa Bagayoko weaves and dyes cotton fabric for a living.

government suspends us based on the fact that we do not have a good model of democracy at home.

Contributors to this VOA report were Moctar Barry in Bamako, Mali, and Kadiatou Traore for the Bambara Service; and Zakaria Camara in Conakry, Guinea, for the French Service.

…Read the full story

You May Also Like

sports

“I know Don and Tuukka’s agent have had some discussions,” Neely said, referring to Bruins general manager Don Sweeney. The Bruins were shut down...

sports

The memorable moments came fast and furious in 2021, with a season starting Jan. No one wants games without fans, but with attendance restricted...

TS Prime

Every calendar quarter the World Gold Council publishes its Gold Demand Trends report. On November 1, 2018 it published its report for July 1...

Advertisement