Kenya's President William Ruto said on Wednesday his country expects to sign a trade deal with the United States by year-end and that he will be pushing Washington to extend its duty-free agreement with Africa for at least five years.
Ruto met with US Secretary of State Marco Rubio on Wednesday to discuss the African Growth Opportunity Act (AGOA), Reuters reported.
The 25-year-old act grants qualifying African nations duty-free access to the U.S. market and is due to expire this month.
"I will be asking him for the U.S. to consider seriously renewing and extending AGOA for at least a minimum of five years, because it is a platform that connects Africa and the U.S. in a very fundamental way, and it can go a long way in solving some of the trade deficits and challenges that exist at the moment," Ruto said ahead of the meeting.
Ruto said he believes the US administration has increased its appreciation for AGOA.
Expand and deepen ties
A bipartisan effort to secure a further extension to AGOA last year did not get a vote in Congress. President Donald Trump's return to the White House in January, with his tariff-driven trade policy, has further cast doubt on an extension.
"AGOA gives both Africa and the U.S. the best chance to expand and deepen trade," Ruto said.
The US and Kenya have made "good progress" on a bilateral trade agreement, Ruto said, adding that he expects to sign a deal before the end of 2025. In April, Trump imposed a 10% tariff on Kenyan goods.
Comments
Post a Comment