{"id":24814,"date":"2023-12-13T19:01:30","date_gmt":"2023-12-13T19:01:30","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/us-hails-record-year-for-trade-with-africa"},"modified":"2023-12-13T19:40:20","modified_gmt":"2023-12-13T19:40:20","slug":"us-hails-record-year-for-trade-with-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/us-hails-record-year-for-trade-with-africa","title":{"rendered":"US hails &#8216;Record&#8217; year for trade with Africa"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span><b>The United States welcomed Wednesday the conclusion of record trade agreements with Africa this year, totaling $14.2 billion, in the context of a struggle for influence with China on the continent.<\/b><\/p>\n<p>Nearly 550 new trade and investment agreements have been signed, representing a 67% increase compared to 2022 in terms of number and value, said British Robinson, coordinator of the &#8220;Prosper Africa&#8221; \u200b\u200btrade initiative launched by the UNITED STATES.<\/p>\n<p>\u201cWe have had a record year for US-Africa relations,\u201d said Judd Devermont, head of sub-Saharan Africa at the White House, during an online press conference organized a year after a summit with African leaders during which US President Joe Biden pledged to \u201cpull out all the stops\u201d on the continent.<\/p>\n<p>Washington committed in December to investing $55 billion over three years in Africa. This strategy aims in particular to counter the growing presence of China, which has notably made inroads in infrastructure construction, investments, and loans.<\/p>\n<p>The United States has already achieved more than 40% of these commitments, underlined Mr. Devermont. \u201cBy the end of the second year, we plan to exceed at least 70% of our goals,\u201d he added.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/eritrea\">Eritrea<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. The United States welcomed Wednesday the conclusion of record trade agreements with Africa this year, totaling $14.2 billion, in the context of a struggle for influence with China on the continent. Nearly 550 new trade and investment agreements have been signed, representing a 67% increase compared to 2022 in terms of number [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":24813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[242,243,233,3708,805,797,1085],"class_list":["post-24814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-eritrea","tag-eritrea","tag-international-agreements","tag-international-trade","tag-shopping","tag-us-africa-summit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US hails &#039;Record&#039; year for trade with Africa - Eritrea<\/title>\n<meta name=\"description\" content=\"The United States welcomed Wednesday the conclusion of record trade agreements with Africa this year, totaling $14.2 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/us-hails-record-year-for-trade-with-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US hails &#039;Record&#039; 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