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CGD Policy Blogs

 

An image of Chinese currency on a map of Africa.

The US Trade Representative Outlined a New US-China Trade Policy. What Does This Mean for Africa?

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.

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Multilateral Trade Agreements Should Constitute the Cornerstone of Biden’s US-Africa Policy

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.

Multicolored shipping containers at a port

US Trade Policy Shouldn’t Pit Developing Countries Against Each Other

The global economy is gradually healing from the economic blows dealt by the coronavirus pandemic, but the recovery remains fragile and halting. Reduced trade is more a symptom than a cause of those trends—and what governments do in terms of additional fiscal stimulus will do far more to determine the shape of the recovery in the United States and other countries. Still, trade policy could be a factor, supporting or undermining the nascent recovery.

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Prospects for Prosper Africa: CGD Podcast

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.

Senate Panel Sets Sights on Economic Impact of US Aid

With election-year events crowding out the legislative calendar, there’s only so many more opportunities for the Senate to show its commitment to development and its interest in improving US development policy. Legislators still have a week and a half in town, and we were encouraged to see the Senate Foreign Relations Committee fit in an important hearing on the role of US foreign aid in spurring economic growth.

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