After a lengthy review of the Trump administration’s trade policy toward China, the Biden administration unveiled its approach on October 4th. It is the conclusion of the Biden administration that structural inequities in trade relations remain, and that China is not compliant with Phase I of the agreement it reached with the Trump administration. The American position, as outlined by US Trade Representative Katherine Tai, carries implications for African economies.
CGD Policy Blogs
The ongoing negotiations over a US-Kenya trade agreement embody the contradictions and likely pitfalls in the Biden Administration's Africa policy. Despite assurances from its promoters, the potential agreement remains unpopular in African states. Many observers view such a deal as potentially undermining the AfCFTA and African economic unity. As the region’s population and economies continue to expand, African multilateralism is most likely going to get stronger over time. Therefore, for any trade deal to work in strengthening US-Africa ties in the long run, it must be seen by citizens in various African states to be mutually beneficial and consistent with African multilateral initiatives like the AfCFTA.
What’s the Latest Economic Research on Africa? A Round-up of Nearly One Hundred Studies from CSAE 2021
Each year around this time, the Centre for the Study of African Economies at Oxford University hosts its annual conference. In this post, we provide a bite-sized summary of every conference paper that we could find.
Journalist Howard French on US perceptions of Africa, the business opportunities the US is leaving on the table, and how policy changes could benefit both the US and African countries.
The UK officially leaves the EU on 31st January and has prioritised an independent trade policy—but how will it meet its commitment to improve access for the poorest countries?
Perhaps the most surprising was how similar these scenes playing out in America are to those I’ve seen in Africa. To be sure, many of the factories I visited in Africa were smaller-scale and simpler in their operations than the Ohio glass plant in American Factory. But some Chinese-owned factories in Africa are similarly large-scale and technologically advanced, and no matter the size of the factory, I witnessed many of the same struggles to find cross-cultural understanding, to teach workers genuinely difficult skills, and to withstand the pressure of a highly competitive, global industry.
Value Chains as Vehicles for Development: Gloomy Global Trends, Optimism in Africa, and Some Ideas for Action
The World Development Report 2020 released on Wednesday highlights the economic benefits from GVCs and reminds us that protectionism and policy uncertainty around the world is now putting many of these benefits at significant risk.
Landry Signé, Aubrey Hruby, Judd Devermont, and Gyude Moore on their expectations for the new Prosper Africa initiative and the roles that infrastructure, communication, and the US Development Finance Corporation might play in its impact.
Prosper Africa Promises to Double Two-Way Trade and Investment between the US and Africa: But What’s the Starting Point?
Outlining a new vision for expanding private sector activity between the United States and Africa, the Deputy Secretary of Commerce and the USAID Administrator announce plans to double two-way trade and investment between the US and Africa.
On sidelines of the annual summit of the US Corporate Council on Africa in Maputo, Mozambique, US Commerce Secretary Wilbur Ross is set to provide the details of the new US-Africa policy, Prosper Africa. This new initiative seeks to accelerate two-way investment and trade with Africa as a way to advance the United States’ competitive advantage.