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The Increasing Importance Of Africa in US Trade Relations

Princeton Lyman, former US ambassador to Nigeria and South Africa, writes together with Council on Foreign Relations director Patricia Dorff that the United States must recognize Africa’s growing significance and improve the assistance it currently provides to the continent. The United States currently imports 15 percent of its oil from Africa, equal to its share from the Middle East, and expected improvements on output mean that the amount could increase to 25 percent over the next decade. With 40 of the 185 WTO seats, Africa also has a major stake in trade negotiations.

 

 
Tags: | trade negotiations | oil | WTO | globalization | CFR | poverty |
 
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