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The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.
His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.
Read MoreWhat the AfCFTA has the ability to do is putting systems in place to reduce the trade issues in intra-African trade. These larger integrated markets could make outside investment more prevalent and it could lead to new tech and new learning.
As with all international trade - tariffs play a large role, and though trade within African borders is low, revenue from tariff collection is essential to governments, and to protect domestic industry through limitation of import competition…
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