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Landmark U.S.-Africa trade legislation awaits renewal

Published on April 30, 2015

Legislation awaiting renewal in Washington has powered industries, created thousands of jobs and improved labor rights in partnership with Africa.

The AGOA (African Growth and Opportunity Act) Extension and Enhancement Act of 2015 would extend the landmark law — originally enacted in May 2000 — for another 10 years.

“AGOA has provided vital economic opportunities by supporting regional integration, helping African companies become more competitive, and fostering an enabling environment for private sector investment,” Ambassadors Michael Froman and Susan Rice wrote on a White House blog.

“AGOA supports and reflects our shared values by providing incentives to adopt good governance, pro-growth and pro-development policies, including on worker rights and human rights,” they wrote.

Since 2000, AGOA non-oil exports to the United States have more than tripled, supporting 350,000 direct jobs and hundreds of thousands of indirect jobs in Africa. With AGOA, they wrote, “African businesses have sought more U.S. inputs, expertise, and joint partnerships.” Read more. Source | Share America