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USDA report: Africa, a coming ‘economic powerhouse,’ beckons

February 7, 2023 at 3:12 PM
In the search for expanding markets for U.S. agriculture, Africa should be at or near the top of the list, the Agriculture Department’s Economic Research Service suggests in a new look-ahead report that describes a continent rapidly transitioning from a sometime trade afterthought to an “economic powerhouse for global trade and investments.” Much depends on successful implementation of the nascent African Continental Free Trade Area, with 54 signatory countries, of which 44 have ratified. And while AfCFTA, finalized in 2021,...

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