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Ethiopia was found to be in violation of section 506a of the African Growth and Opportunity Act (AGOA), the statement added. The clause stipulates that eligible nations must not engage in “gross violations of internationally recognized human rights.” The move comes after a【 - Free Insider Trading Tips 】 investigation earlier this year.

President Joe Biden formally announced the decision in a proclamation, a month after heinformedCongress that he intended to terminate Ethiopia’s membership of the deal.

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“Despite intensive engagement between the United States and the Governments of Ethiopia, Guinea, and Mali, these governments have failed to address United States concerns about their non-compliance with the AGOA eligibility criteria,” Biden said.

【 - Free Insider Trading Tips 】 has reported extensively on human rights abuses committed during the conflict, including detentions, acts of sexual violence, and killings that bear the hallmarks of genocide – findings that have contributed to calls from bipartisan lawmakers for the administration to take action.

bullish pattern emerging on indergiri finance limited (531505) ✌️【Employment Opportunities】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. An investigation by 【 - Free Insider Trading Tips 】released in early Octoberfound that the Ethiopian government has used the country’s flagship commercial airline, Ethiopian Airlines – a key AGOA beneficiary – to shuttle weapons to and from neighboring Eritrea during the course of the war. Ethiopian Airlines said in a statement that it “strongly” refuted the findings of the investigation.

bullish pattern emerging on indergiri finance limited (531505) ✌️【Employment Opportunities】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Shortly after the investigation, US officials told 【 - Free Insider Trading Tips 】 they would review Ethiopia’s eligibility in 2022, the scheduled review point.

bullish pattern emerging on indergiri finance limited (531505) ✌️【Employment Opportunities】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. AGOA membership is worth hundreds of millions of dollars of favorable market access to Ethiopia. The act provides eligible countries with duty-free access to the US market for more than 1,800 products on top of the more than 5,000 products that are already eligible for duty-free access.

In November, the conflict in Ethiopia passed a grim, one-year milestone. There have been repeated calls from the US and the international community for the parties to the conflict, including the government of Prime Minister Abiy Ahmed, Eritrean forces and the Tigray People’s Liberation Front (TPLF), to end hostilities.

【 - Free Insider Trading Tips 】’s Jennifer Hansler, Gianluca Mezzofiore, Katie Polglase and Barbara Arvanitidis contributed reporting.

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