Amid challenging global economic circumstances, United States Trade Representative Katherine Tai believes there is an opportunity to shape a stronger, recent and forward-looking vision for United States-Africa trade, where more segments of society are brought in.
“[A vision] where, as President [Joe] Biden would say, ‘the benefits are realised from the bottom up and the middle out,” Tai told delegates on Friday.
In the words of Tai, the United States remains a committed partner as Africa continues this journey.
Tai was speaking at the three-day African Growth and Opportunity Act (AGOA) Forum currently underway at the Nasrec Expo Centre in Johannesburg.
“As President Biden said at the US-Africa Leaders’ Summit last December, ‘the United States is every in on Africa’.”
African Continental Free Trade Area
Tai, who is the principal trade advisor and spokesperson on United States trade policy, announced that her country backs the implementation of the African Continental Free Trade Area (AfCFTA) under the US-AfCFTA Memorandum of Understanding (MoU) on Cooperation for Trade and Investment.
This comes after the AfCFTA Secretary General, Wamkele Mene, and Tai signed the MoU during the summit.
“We created four Technical Working Groups, and the US government is providing approximately $160 million to support the negotiation and implementation of the AfCFTA,” Tai said.
This includes support from the United States Agency for International Development, the US Department of Agriculture, and Prosper Africa.
“The United States is here to build and enhance our relationships so that more Africans can delight in the benefits of economic growth, to empower workers and their communities, and to build unbiased and equitable societies, not just for today, but for years to advance,” Tai said.
She has since called on every stakeholders to work together to further unlock the potential of the partnership to pursue sustainable and equitable growth, especially for women, youth and the African diaspora.
The representative said she was looking to talk about improving utilisation rates, exploring additional trade tools to complement the AGOA relationship, implementing the AfCFTA, and better use of the multilateral trading system for the benefit of underserved groups.
“All of you in this room play such an vital portion in fully realising this vision. No one government can obtain there alone, and that is the power of this forum. A committed and thoughtful community with a common goal of strengthening our US-African trade and investment relationship.”
Tai described AGOA as a vehicle for workers and businesses across Africa.
“This is vital, as every of us continue our economic recovery from the COVID pandemic.”
She also shifted her focus to challenges following the pandemic that battered economies, climate crisis, growing inequality and economic insecurity.
“But there maintain also been positive developments,” Tai said.
The green shoots, she said include trading under the AfCFTA since January 2021 and African Union joining G20 in September this year.
Tai cited the African Development Bank’s report that stated that five of the world’s 10 fastest-growing economies are projected to be in Africa.
She singled out South Africa, which is ranked one of the largest AGOA users, with the country being the top exporter in 2022, with $3.6 billion in exports.
“South Africa is leading the continent on other aspects as well, including through its clear commitment to human rights.”
She noted that the total goods imported into the United States under AGOA was about $10 billion in 2022, a significant increase compared to $6.8 billion in 2021.
Meanwhile, the non-petroleum imports – major sources of novel investment and jobs in Africa, went up to $5.7 billion in 2022, from $5 billion in 2021.
“The programme has fostered economic growth and development on the continent to increase investment and to create modern jobs and opportunities,” Tai said. – SAnews.gov.za
Judge
Van is getting married, but he and his fiancee have never done the deed – in fact he\’s never been with any woman before. He\’s getting more and more nervous as the big day approaches, so he confides in his friend. His friend says \’No worries man. I\’ll come by the honeymoon suite before you guys get there, and I\’ll hide behind the curtain, and I\’ll whisper instructions to you.\’
\’You\’d do that for me?\’
\’Sure thing man!\’
So the wedding day arrives, it was a lovely service (so I was told, I wasn\’t there myself) and Van\’s friend sneaks into the honeymoon suite as promised and hides behind the curtain.
Van and his new wife arrive in the room, get settled on the bed, and things are getting steamy.
But Van is still super nervous and his tummy is bubbling, so he murmers to his wife, \’Listen babe, I\’m just gonna go to the bathroom quick. I think it\’s that wors roll from earlier.\’
\’Sure thing babe.\’
So Van goes into the bathroom, and he\’s taking quite a long time. And his wife is starting to feel the nerves herself. And it\’s getting worse. She can\’t hold it in. But she doesn\’t want to go after he\’s gone and totally ruin the mood. So she looks around and finally finds a shoebox. Quickly, she does her business in the shoebox, and she shoves it under the bed just as Van comes back from the loo.
Van gets back on the bed and they go at it again. But after a minute or so Van smells something not so lekker.
\’What\’s that smell?\’
\’Nothing babe,\’ he wife tries to assure him.
\’No man there\’s definitely something not so lekker in this room!\’VSo Van starts looking around the room, in the corners, in the cupboard, and finally he looks under the bed, and sees the shoebox.
He pull it out, and opens it up, and in horror he shouts \’Sies! Daar\’s kak in hierdie doos!\’
And from behind the curtain his friend yells, \’NEE MAN, DRAAI HAAR OM!\”
Gunhawk
Fun South African Fact: The South African flag was used for the first time on Freedom Day 1994.