Trump's return raises concerns for the future of AGOA

As the Africa Growth and Opportunity Act (AGOA) approaches its expiration date in September of this year, concerns arise regarding the potential renewal of the trade pact by the United States. The second term of President Trump coincides with a time where critical minerals are a key focus for many governments around the world, including the US. Africa boasts significant reserves of these energy transition minerals, making it a vital player in the global trade landscape. Joe Femi-Dagunro, Founder and President of the Kosofe Chamber of Commerce and Industry, discusses the implications of Trump's trade policies on the African continent. Amid uncertainties and trade war threats, Femi-Dagunro emphasizes the need for African leaders to strategize and prepare for various scenarios. He highlights the importance of Africa's abundant resources and the necessity for self-sufficiency to eliminate the reliance on external aid. The conversation delves into Africa's positioning in international trade negotiations and the imperative for unity among African nations to strengthen their bargaining power on the global stage. Femi-Dagunro draws attention to the challenges stemming from corruption and lack of transparency, emphasizing the need for African governments to address internal issues to bolster their negotiating position. The discussion also addresses the competition with China and the potential for African governments to leverage partnerships with various global players. Femi-Dagunro calls for a proactive approach from African leaders to capitalize on the continent's resources and drive economic growth. The interview concludes with a reflection on the critical importance of establishing a unified African front and fostering accountability to maximize Africa's potential in international trade relations.