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Agoa forum to assess gains, losses of pact

Published on August 24, 2015

An Africa-US forum in Gabon this week will celebrate the recent extension of the preferential trade programme — the Africa Growth and Opportunity Act — and initiate what an Obama administration official describes as “a strategic conversation” about US-Africa trade relations.

President Barack Obama last month signed into law a 10-year extension of Agoa. A long-term renewal had been the top Agoa priority of African countries that have benefited from the 15-year-old programme. It allows almost all products from eligible sub-Saharan nations to enter the US duty-free.

However, independent Africa trade experts in Washington said that few improvements were made to Agoa in the extension legislation approved by the US Congress. Read more. Source | The East African