US tariffs: Ecobank advises Nigeria, Africa to trade among themselves
Ecobank advises Nigeria, Africa to trade among themselves
The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has urged African nations to deepen trade among themselves as a buffer against the potential economic impact of new tariffs imposed by United States President Donald Trump.
Speaking in an interview with Bloomberg TV, Awori noted that the new tariffs may eventually replace the African Growth and Opportunity Act (AGOA)—a trade programme that has supported export-led sectors such as textiles and apparel in nearly 30 African countries.
He stressed that ramping up intra-African trade would reduce the continent’s reliance on external markets and bolster long-term economic resilience.
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