Sec. 3. Statement of policy
240 words·~1 min read·
/bill/118/hr/8249/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the policy of the United States to— support the African Union’s Agenda 2063 efforts to promote regional economic development, by stimulating greater trade and investment among African countries and between Africa and the United States; partner with the African Union Commission and African Union entities such as the African Continental Free Trade Area Secretariat, African Regional Economic Communities, and other intergovernmental African organizations to bolster trade and investment at the regional, intracontinental, and international levels, and facilitate market access and bilateral trade between the United States and African countries; increase opportunities for trade and investment between African countries and United States businesses, including those owned by members of the African diaspora, women, youth and underserved groups, thereby thereby contributing to potential United States economic growth; promote the goals of the African Continental Free Trade Agreement signed on March 21, 2018, to lower trade barriers between African countries, expand commercial opportunities for underserved groups, women, and youth entrepreneurs, and attract greater foreign investment; improve the efficacy, efficiency, and coordination of United States development aid and technical assistance, focusing on trade capacity building that is provided to African countries, regional communities, and intergovernmental or multinational entities including to the AfCFTA Secretariat; support efforts to aid the implementation of the trade policy priorities of the AfCFTA, developed in coordination with continental, regional, and country partners in Africa; and facilitate market access and bilateral trade between the United States and African countries.