Foresight Africa 2019 is a report by the Brookings Institution highlighting the triumphs of the past years as well as strategies from our experts to tackle the remaining obstacles that influence outcomes in various sectors such as trade, governance, youth development and climate change.
On matters trade and investment, the authors assess the potential of the African Continental Free Trade Agreement (AfCFTA) and look at the implications of the new free trade agreement. AfCFTA stands to knock down barriers to intracontinental trade and investment, thus accelerating industrialization, and facilitating economic diversification and inclusion.
AGOA 101 Kenya. The USAID Hub helps East African businesses take advantage of the African Growth and Opportunity Act (AGOA). AGOA allows for duty-free export of over 6,000 products. This guide outlines the step-by-step process that Kenyan businesses should take to export to the United States of America (U.S.A.) duty-free through AGOA and gives a general overview for the export of all AGOA products from Kenya. It provides additional information on the export of four high-demand, high-value sectors, namely textiles and apparel; coffee; nuts and oil crops; and cut flowers. Although exporting can be a challenging process, it can also be profitable for the individual or company that successfully complies with the steps. Exporters must follow two sets of requirements:
1. Kenyan laws and regulations that govern the export process, and
2. Laws and regulations that govern the destination country’s imports, in this case, the U.S.A.
Regulations also vary according to the product being exported; exporters must research to ensure that their product meets the necessary requirements for export.
This guide assumes that the exporter or potential exporter has already conducted the necessary market research, and is ready to export. Before proceeding, exporters must identify the correct tariff code and its eligibility for dutyfree export under AGOA. This status can be established by referring to https://agoa.info/about-agoa/products. Insert the product name, search for the correct tariff code, and confirm its AGOA status - denoted by the letter “D” in the AGOA indicator column. Exporters should familiarize themselves with U.S.A. industry standards and product specific regulations that may require additional documentation and procedures.
The debate about economic growth and economic development in third world countries has been going on for decades and is not about to stop. For instance, policies that work in some countries, but failing in other nations, is one of the issues that arouse debate.
In addition, though growth has gained momentum over the last two decades in some developing countries, it cannot be sustainable until it is localied or based on exploitation of local resources. As a result of these and other contradictions, most countries in the southern hemisphere are characterized by low levels of economic growth and development. Read more. Source | New Times
Economic dynamism has lifted eastern Africa’s growth despite harsh political climate witnessed in Kenya and Ethiopia, the biggest contributors to the region’s gross domestic product (GDP).
A report by a UK-based accountant’s body, the Institute of Chartered Accountants in England and Wales (ICAEW), said the regional powerhouses had political problems in the year without which their economic performance would have been better. Read more. Source | Business Daily
The Hub's AGOA Preparedness Workshop was abuzz on Twitter, with close to 22,000 impressions on our tweets during the day. The hashtag #AGOAPrepWorkshop became a top 10 trending topic in Kenya! The messages were clear. Kenyans are interested in AGOA. They want to learn more, and they want to start exporting. Here is a summary of the day, in tweets...Read more
Where can one find the list of products under AGOA?Read more
Hi Finn, I am trying to understand trading agreements with the EU for East African exports.
It is a little more complicated than AGOA... For countries qualifying for Everything But Arms, am I correct that this is duty free even if fabric is imported? For Kenya, which does not qualify for EBA but does have an interim Economic Partnership Agreement, I am confused as to whether this is currently duty free to the EU, and if so whether garments made from imported fabric would still qualify for 0% duty?
Any advice much appreciated. Thanks.Read more
Hello there AGOA Team,
I am Haritiana Langlois a national of Madagascar and I live in the USA. I own a small business. I import handicraft from Madagascar and other SSA countries. I would like my shipments to benefit from the AGOA when it comes to import tariffs. The US Customs Border Protection has sent me a list of documents to be provided in order to take advantage of AGOA.
One of the items is "a statement as to whether the goods are the product of a sub-Saharan African country and eligible for preferential treatment under AGOA". My question is: Who is supposed to issue that statement? Will it be a local authority in Madagascar? If yes, would you know which authority will have to issue this statement?
Also, I was wondering if you have any practical tool available to help small business owners located in AGOA eligible country comply with the AGOA requirements. (i.e. tools that help document direct costs of processing, manufacturing, etc. ), would you please share those tools.
Thank you so much for your help.Read more
The U.S. House of Representatives voted 397 to 32 to pass the Trade Preferences Extension Act of 2015, which includes a 10-year extension of the African Growth and Opportunity Act (AGOA). Last week's vote sets the stage for President Obama to sign the bill into law giving a boost to Africa's trade with the U.S.Read more
At the end of May, the Hub joined the Eastern Africa Grain Council (EAGC) to visit warehouses that they had recently graded. EAGC has defined four levels for warehouse grading; class A, B, C and D. Class D is the minimum grade and does not qualify for participation in the warehouse receipts program. Classes A, B and C maintain improved warehouse standards with respect to the physical facility, mechanization, security, administration and operations. They are all eligible for warehouse receipts, which means that farmers and traders can use their deposited grain in these warehouses as collateral for loans with banks, significantly lowering their financing costs.Read more