Unlocking Africa’s Trade Potential
Earlier this summer, the US Congress reauthorized the African Growth and Opportunity Act for another ten years. To make the most of this extension – the longest in the program’s history – the US and its African partners need to start working toward a more comprehensive partnership.
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WASHINGTON, DC – Africa’s rise challenges the imagination. During the last decade, Sub-Saharan Africa was home to six of the world’s ten fastest-growing economies. During the next five years, the region’s GDP is expected to grow 30% faster than that of the rest of the world. And, during the next 35 years, the continent will account for more than half of the world’s population growth, according to the United Nations.