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What is causing the price volatility of Nahar Spinning Mills Limited (500296) ✌️【Hot Stock Recommendations】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. The White House will eject Ethiopia from a trade program between sub-Saharan African countries and the United States over human rights violations, according to a statement Thursday.

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 Smart Investment Opportunities 】 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.

What is causing the price volatility of Nahar Spinning Mills Limited (500296) ✌️【Hot Stock Recommendations】✌️ Free real-time global stock trend updates to help you capture market movements and make better 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 Smart Investment Opportunities 】 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.

What is causing the price volatility of Nahar Spinning Mills Limited (500296) ✌️【Hot Stock Recommendations】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. An investigation by 【 - Free Smart Investment Opportunities 】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.

What is causing the price volatility of Nahar Spinning Mills Limited (500296) ✌️【Hot Stock Recommendations】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. Shortly after the investigation, US officials told 【 - Free Smart Investment Opportunities 】 they would review Ethiopia’s eligibility in 2022, the scheduled review point.

What is causing the price volatility of Nahar Spinning Mills Limited (500296) ✌️【Hot Stock Recommendations】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. 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 Smart Investment Opportunities 】’s Jennifer Hansler, Gianluca Mezzofiore, Katie Polglase and Barbara Arvanitidis contributed reporting.

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