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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 Exclusive Stock Market Insights 】 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.

master trust limited (511768) stock market outlook ✌️【Profit Maximization】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Related articleEthiopia used its flagship commercial airline to transport weapons during war in Tigray

“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 Exclusive Stock Market Insights 】 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.

master trust limited (511768) stock market outlook ✌️【Profit Maximization】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. An investigation by 【 - Free Exclusive Stock Market Insights 】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.

master trust limited (511768) stock market outlook ✌️【Profit Maximization】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. Shortly after the investigation, US officials told 【 - Free Exclusive Stock Market Insights 】 they would review Ethiopia’s eligibility in 2022, the scheduled review point.

master trust limited (511768) stock market outlook ✌️【Profit Maximization】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate fluctuations to help you select the right stocks and achieve your financial goals. Stay ahead of the curve with accurate, real-time investment insights. 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 Exclusive Stock Market Insights 】’s Jennifer Hansler, Gianluca Mezzofiore, Katie Polglase and Barbara Arvanitidis contributed reporting.

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