Thursday, December 18, 2025 | 01:33 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US seeks to strengthen trade ties with African nations

Image

IANS Washington

The US is looking forward to expanding its relationship with Africa in trade and investment and countering terrorism, said a top diplomat.

Africa is a growing market with vast potential and the current US administration will focus their bilateral economic relationship on trade and investment, Xinhua news agency quoted US State Secretary Rex Tillerson as saying while addressing a ministerial meeting with the African Union here.

Bilateral trade and investment between the US and African countries have been growing in the past years. US exports to Sub-Saharan Africa grew from 17 billion USD in 2010 to over 25 billion dollars in 2014, according to statistics from the US government.

 

The US direct investment in Africa jumped to a record high of 57.5 billion dollars last year.

"The United States sees even more opportunity ahead in the coming years," said Tillerson in the meeting with the 55-member Continental body.

The US will seek to strengthen counter-terrorism cooperation with African countries, including addressing "the root causes of violent extremism", he added.

--IANS

amit

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 18 2017 | 3:56 AM IST

Explore News