The U.S. Senate recently passed a bill proposing a 10-year extension to the African Growth and Opportunity Act (AGOA). Originally enacted in 2000, AGOA significantly enhances market access to the U.S. for qualifying sub-Saharan African countries. (See our infographic on the impact of AGOA).
The East Africa Trade and Investment Hub (The Hub) works actively in the five East African Community (EAC) countries: Kenya, Tanzania, Uganda, Rwanda and Burundi as well as Ethiopia, Mauritius, Madagascar and Seychelles (EAC+) to promote trade with the U.S. under AGOA. Our goal is to increase exports under AGOA from these countries by 40% between 2014 and 2019.
To put the East African AGOA story in context we compiled some data into an infographic that shows the impact and critical importance of AGOA in increasing trade with the U.S. (Click image for a larger view).