Industrialisation and Trade Corner
Harnessing productive sectors’ through value chains to enhance intra-African trade and regional integration
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
Encouraging signs on AGOA renewal in Washington, but poultry debate presents a hurdle to be overcome
With just months to go before the expiration of the African Growth and Opportunity Act (AGOA), discussions have been heating up in Washington, DC on how to proceed with a renewal. Policymakers in Africa and the US have indicated for years the importance of extending the legislation well before its September 2015 expiration, noting that orders of African goods in certain sectors, like textiles and apparel, must be made nine months in advance.
Last month, from January 19 to 23, the African Union mission, in collaboration with the African Ambassador Group of Washington, DC and the African Development Bank with the support of the Africa Trade Fund project on boosting US-Africa trade, hosted a high-level delegation of African Ministers of Trade focused on promoting the expeditious renewal of the African Growth and Opportunity Act (AGOA) – a key component within the architecture of US-Africa trade.
The African Growth and Opportunity Act (AGOA) is the primary legislation that defines the U.S.-Africa commercial relationship. The benefits provided by AGOA have allowed for an average of around 70 per cent of all imports from Sub-Saharan Africa to enter the U.S. duty-free since the enactment of the legislation. While AGOA has been successful in providing duty-free access, it still leaves a great deal to be desired regarding the promotion of sustainable economic gains for the continent. Understanding where AGOA has been successful and considering how to enhance its impact is important, especially at this time when its renewal is being debated and requires decisive action over the next 12-18 months.
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