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How the African Growth And Opportunity Act (AGOA) benefits both Africa and the United States

Published on July 29, 2015

At a National Press Club Newsmakers news conference on Tuesday, July 28, a group of African diplomats will discuss the new economic opportunities afforded to African countries by the African Growth and Opportunity Act (AGOA), part of the U.S. Trade and Development Act.

Appearing will be Ambassadors Michael Moussa-Adamo of Gabon, Eliachim Molapi Sebatane of Lesotho – cochairmen of the African Growth and Opportunity Act (AGOA) Ambassadors Group – as well as Mninwa Mahlangu of South Africa and Tarek Ben Youssef, the Charge d'Affaires of the 54-nation African Union to the U.S.

AGOA offers tangible incentives for African countries to open their economies and build free markets. It also authorized a new trade and investment policy for Africa, renewed the generalized system of preferences and reauthorized the trade adjustment assistance programs. Read more. Source | PR Newswire