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The ASTIP Act of 2024 directs the President to develop and implement a comprehensive U.S. strategy to support the African Continental Free Trade Area (AfCFTA) through increased trade and investment partnerships. The bill requires the U.S. Trade Representative, in coordination with the State Department, USAID, and other federal agencies, to produce an initial report within 270 days identifying strategies to promote U.S.-Africa trade, expand trade capacity building, and facilitate market access for American businesses and African diaspora entrepreneurs. The bill mandates biennial progress reports over 10 years and requires consultation with stakeholders, African Union entities, and development agencies to coordinate U.S. trade and development efforts in support of AfCFTA implementation.
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