The Chairperson of the African Union Commission, Dr. Nkosazana Dlamini Zuma, on behalf of all AGOA eligible countries, has commended President Barack Obama for his leadership and strong commitment to enhancing Africa-U.S. economic partnership. President Obama, on Monday June 29, 2015, signed into law the Trade Preference Extension Act of 2015, to enact a 10-year renewal of the African Growth and Opportunity Act (AGOA).
The Chairperson of the AU Commission also expressed her gratitude to members of both Houses of Congress for their strong and broad bipartisan support for the reauthorization of AGOA. “Their vote to extend AGOA for 10 years is an eloquent illustration of the importance they attach to the U.S.’s relationship with Africa, and their interest in advancing sustainable trade relations with the continent,” said the Chairperson.
The Chairperson also commended the efforts of the private sector, African civil society and the Diaspora, who worked tirelessly with the African Ambassadors Group in Washington, D.C. and the AU Mission to promote a long-term extension of AGOA for the best interest of Africa-U.S. relations.
The preferences that AGOA provides have fostered a mutually beneficial partnership that will allow for job creation in both Africa and the U.S., and the enhancement of trade and business environments. AGOA demonstrates how a trade preference can catalyse the expansion and creation of new industries, new export sectors, and new jobs that promote the reduction of poverty and sustainable economic development of the continent. Read more. Source | African Unoin