The report says the House of Representatives passed the African Growth and Opportunity Act (H.R. 1432) in March, which was introduced to the Senate for consideration as S.778 in May. Congress has moved to define and create conditions for enlarging U.S.-Africa trade and investment relationships, which is an important step forward. The document mentions the International Monetary Fund (IMF), African ambassadors, the World Trade Organization (WTO), a U.S.-Sub-Sahara Africa Free Trade Area, President Nelson Mandela, quotas on textiles, duty-free treatment, the Generalized System of Preferences tariffs program, a U.S. =-Africa Economic Forum, the Overseas Private Investment Corporation (OPIC), the...
The report says the House of Representatives passed the African Growth and Opportunity Act (H.R. 1432) in March, which was introduced to the Senate for consideration as S.778 in May. Congress has moved to define and create conditions for enlarging U.S.-Africa trade and investment relationships, which is an important step forward. The document mentions the International Monetary Fund (IMF), African ambassadors, the World Trade Organization (WTO), a U.S.-Sub-Sahara Africa Free Trade Area, President Nelson Mandela, quotas on textiles, duty-free treatment, the Generalized System of Preferences tariffs program, a U.S. =-Africa Economic Forum, the Overseas Private Investment Corporation (OPIC), the EX-IM Bank, loans, U.S. policy, accountable government, economic reform, market and credit facilities, poverty reduction, health, education, small farmers and producers, regional integration, American-African trade, the United States-Sub-Saharan Africa Trade and Economic Forum, the Generalized System of Preferences (GPS), structural adjustment Programs, the International Monetary Fund (IMF), the World Bank, Cardinal Roger Mahoney, the Heavily Indebted Poor Counties Initiative (HIPC), debt service payments, the International Trade Commission, Chancellor of the Exchequer Gordon Brown, the Kenyan National Farmers Union (KNUT), commodities, dependence on imports, James Wolfensohn, agricultural liberalization, environment and labor standards, the AFL-CIO, Representative Charles Rangel, Randall Robinson, TransAfrica, Phil Crane, Jim McDermott, Spencer Abraham, Thad Cochran, Patrick J. Leahy, Joseph Liberman, and Richard G. Luger.
