HOW THE US TRADES WITH AFRICA
A. P. KOVALCHUK Candidate of Economic Sciences Institute of Africa, Russian Academy of Sciences Keywords: American-African trade, geo-economic interests, AGOA law, Commodity Credit Corporation In recent years, economic relations with African countries have been increasingly subordinated to the tasks of global geopolitical and geo-economic interests of the United States. The US administration is implementing its strategies on the continent, including by stimulating US-African trade. In recent years, the world's leading powers have been paying increased attention to implementing their policies in Africa. Despite the modest place that Africa occupies in US foreign economic relations (excluding energy imports) compared to other regions, the US administration constantly keeps this continent in the focus of its attention, guided by the general directions of the strategy developed about a decade and a half ago, which are only clarified with the beginning of each new presidency. With the arrival of the Obama administration in Washington, US policy in Africa is moving in three main directions: accelerating the integration of African countries into the global economy; promoting peace and security on the continent; and developing and strengthening relations with those Governments, institutions and civil society organizations that Washington believes are committed to deepening democracy.1 In general, as noted by Russian Africanists, economic relations with the countries of the continent in the last 10-15 years have been increasingly subordinated to the tasks of implementing Washington's more general global geopolitical and geo-economic interests.2 Despite the diversification of energy supply sources and the gradual reduction of US energy dependence on foreign markets (including through shale gas, as well as the development of its own and Canadian oil fields), economic interest in Africa continues to grow. At the same time, it should be noted that since the beginning of the curr ... Read more
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India Online · 201 days ago 0 193
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Delhi, India
01.12.2023 (201 days ago)
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