African trade ministers are set to hold urgent discussions next week following the recent executive order signed by US President Donald Trump, which introduces new import tariffs for countries worldwide.
Under the new directive, some African nations, such as Lesotho, could face import tariffs of up to 50% when the measure takes effect on April 9.
These sweeping measures also impact Ghana, which will face a 10% baseline import tax.
Although the principle of reciprocity underpins this latest US trade policy, Trump asserted in the executive order that the US had been adversely affected by trade barriers imposed by other countries on American goods.
In light of these developments and the potential impact on African nations, Wamkele Keabetswe Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), announced in Accra that African trade ministers will meet on April 14 to discuss how the continent should respond to the situation.
He emphasised that this development should spur Africa to accelerate efforts in creating a commercially viable trade market within the continent.
The African Growth and Opportunity Act (AGOA), which was approved by the US Congress in 2000, has long been a critical lifeline for many African exports.
In 2022, two-way trade between AGOA members and the US exceeded $46 billion, with $13.5 billion more in imports than exports.
That year, AGOA recipients exported $30 billion worth of goods to the US, of which $10.2 billion were sold under the duty-free AGOA preference.
However, with AGOA’s framework set to expire in September, there are growing concerns that the Trump administration’s stance may hinder any renewal.
Despite this, Mene believes there is no reason for Africa to be disheartened by the US’s 10% tariff on all imports, noting that Africa’s export profile under AGOA is heavily focused on minerals, petroleum, vehicles, and cashew nuts.
He stated, “Our continent is more than just about cashew nuts or processed commodities.”
Mene also views the current situation as an opportunity for Africa to consolidate its efforts and build a self-sufficient market, capable of standing on its own economic feet while remaining engaged with the global economy and supply chains.
Meanwhile, the AfCFTA Secretariat has signed a Memorandum of Understanding (MoU) with the National Bar Association of the United States.
This agreement aims to deepen cooperation with the African diaspora and support legal and economic partnerships under the AfCFTA.
Given President Trump’s “America First” rhetoric, questions have arisen about whether this MoU will be mutually beneficial for Africa.
For Mene, however, the AfCFTA will continue to pursue partnerships based on mutual respect and benefit. “We will not condone or support ‘America First’ at the expense of everyone else,” he said.
“We will continue to pursue what is in Africa’s best interest, not last interest,” he emphasised.
Regardless of the future of AGOA when it expires in September, Mene stressed that Africa will assert its right to ensure that any outcomes serve the continent’s interests.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
- President Commissions 36.5 Million Dollars Hospital In The Tain District
- You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
- I Will Lead You To Victory – Ato Forson Assures NDC Supporters
Visit Our Social Media for More
About Author
