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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 Step-by-Step Investment Guide 】 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 Step-by-Step Investment Guide 】 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.

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Why has Waaree Technologies Limited (539337) been underperforming recently ✌️【Investment Tools】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. Shortly after the investigation, US officials told 【 - Free Step-by-Step Investment Guide 】 they would review Ethiopia’s eligibility in 2022, the scheduled review point.

Why has Waaree Technologies Limited (539337) been underperforming recently ✌️【Investment Tools】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions. 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 Step-by-Step Investment Guide 】’s Jennifer Hansler, Gianluca Mezzofiore, Katie Polglase and Barbara Arvanitidis contributed reporting.

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