The African Growth and Opportunity Act (AGOA) Forum is happening now, August 24 - 27, in Gabon. The theme of this year’s Forum is “AGOA at 15: Charting a Course for a Sustainable U.S.-Africa Trade and Investment Partnership.” The 2015 Forum will celebrate the recent re-authorization of AGOA and the important role of women, civil society, and the private sector in promoting trade, expanding inclusive and sustainable economic growth, and generating prosperity.
The United States Agency for International Development (USAID) through its Trade Africa initiative supports East African countries to better utilize AGOA trade preferences to increase exports and create jobs. Since 2009, the USAID East Africa Trade Hub has facilitated over $250 million in exports to the U.S. through AGOA and has assisted nearly 400 firms to grow their export business and gain market access or expand in the U.S. Go here, to read USAID East Africa Trade Hub AGOA success stories.
The 10-year extension is itself a major achievement, said Florizelle Liser, the top US trade official for Africa.
The assurance that AGOA will remain in place until at least 2025 creates “a stable environment that encourages increased investment in sub-Saharan Africa,” said Ms Liser, adding, “And now that we are no longer worrying about AGOA expiring in the near term, the AGOA Forum will provide an opportunity for us to begin a more strategic conversation about the future of our trade and investment relationship with Africa.”
This year’s conference will consist of the ministerial AGOA Forum from August 26-27 and side events sponsored by private sector, civil society, and the African Women Entrepreneurship Program (AWEP).
Go here for more information on the 2015 AGOA Forum.