Dar es Salaam, June 24 -- The global trade landscape is undergoing significant changes, and the African Growth and Opportunity Act (AGOA), a crucial support mechanism for many African economies, is also being impacted.
Founded in 2000, AGOA has provided preferential access to the US market for eligible sub-Saharan African countries, allowing the export of around 2,000 products without tariffs. This initiative has been a fundamental component of US-Africa trade policy for 25 years since its establishment.
The recent announcement of Chinas zero-tariff policy for Least Developed Countries (LDCs), effective as of 1 December 2024, which includes 33 African nations, presents a significant opportunity for Tanzania amid its existing challenges....
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