Source: China – South China Morning PostThe apparent collapse of a 25-year tariff-free trade pact between the United States and Africa symbolises an American retreat, according to observers, who say the shift is paving the way for China to deepen its influence across the continent.
The Clinton-era African Growth and Opportunity Act (AGOA) expired on September 30 after Congress failed to pass a renewal bill, leaving more than 6,000 African exports, such as apparel and textiles, subject to higher US tariffs.
The resulting economic…Read More