The African Growth and Opportunity Act (AGOA) Extension and Enhancement Act was recently introduced in the U.S. Senate and House. The extension seeks to build and extend the gains in trade made between the U.S. and qualifying African states under the program.
AGOA, first authorized in 2000, provides beneficiary countries in sub-Saharan Africa with the most liberal access to the United States market, available to any country or region with which the U.S. does not have a free trade agreement.
Interested in more AGOA facts? Visit the Hub's AGOA FAQ page.
Writing for the White House blog, Ambassador Michael Froman, the U.S. Trade Representative and Ambassador Susan E. Rice, the U.S. National Security Advisor had this to say regarding the extension:
The AGOA Extension and Enhancement Act – introduced in the Senate and House builds on [past] accomplishments and creates a strong platform for the future. It would extend the program for ten years, giving companies the certainty needed to develop supply chains and sustain long-term investments. It would encourage the development of key industries and promote regional integration by allowing AGOA beneficiaries to combine inputs to qualify for the preferences. It would give the Administration greater flexibility in engaging with AGOA beneficiaries to resolve eligibility issues including market access issues, and encourage governance and policy improvements in key areas such as worker rights and human rights.