Trade

South Africa Agrees to Lift Barriers for U.S. Poultry

January 7, 2016

South Africa and United States have finally ended their impasse over certain aspect of the AGOA benefits program relating to eliminating barriers to importation of U.S. agricultural products. The U.S. Trade Representative office Thursday said the South Africa government has resolved the benchmark issues expressed by the U.S. and thus can continue receiving the AGOA benefits for agricultural products export to America. U.S. Trade Representative Michael Froman in a statement said teams on both sides worked closely together to reach a mutually beneficial agreement on eliminating antidumping tariffs on the importation of U.S. poultry, beef, and pork.

in Markets, World Briefs

WTO Members to Adopt Pact to Help Small Economies Integrate into Global Trade System

by Editor

December 14, 2015

Ahead of its historic meeting in Kenya this week, members of the World Trade Organization General Council decided on a pact aimed at addressing trade-related challenges faced by small vulnerable economies.

The agreement, which will be adopted by members during the WTO 10th Ministerial Conference in Nairobi this week, calls for integration of small vulnerable economies or least developed countries into the multilateral trading system. The draft proposal was presented last month by Committee on Trade and Development, a special committee of the organization assigned to review proposals submitted by members on a course of actions regarding trade issues.