Dr. Jackson Pushes for AGOA Renewal at Summit on Africa

IMG_8361 IMG_8414The African Growth and Opportunities Act (AGOA) is an important U.S. law signed by former U.S. President Bill Clinton in 2000. AGOA is set to expire in 2015. At the African Growth and Economic Development Summit at USC earlier this month, I encouraged everyone interested in doing business with African countries and African economic growth to ask U.S. Congress to renew AGOA. I continue to make the same appeal in this blog post and explain why.

AGOA promotes trade between the United States and eligible Sub-Saharan African countries. For example, apparel manufacturers from the Sub-Saharan African region are able to export their clothing to the United States duty-free. Duties are the taxes placed on foreign goods entering into any country. Therefore, the importer or the buyer does not have to pay this specific tax to import garment from a Sub-Saharan African country.

The law helps U.S. textile producers in that one provision requires that the final garment entering the United States uses unlimited amounts of U.S. yarn, thread and fabric.

Debates continue as to whether or not the law truly helps the Sub-Saharan Africa garment manufacturers compete in the United States.

While I continue to push for a revised U.S.-Africa trade policy, AGOA is all that we have now. For this reason, we should not allow this law to expire.

 

Protected by Copyscape Originality Checker

Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

About Dr. Sarita D. Jackson

is the President and CEO of the Global Research Institute of International Trade, a think-tank/consulting firm that examines trade policies and their impact on domestic businesses. Prior to heading GRIIT, Dr. Jackson was a tenured associate professor of political science in North Carolina and worked as a trade policy consultant for an Arlington-based consulting firm. She has participated in trade policy projects and conducted research on free trade negotiations in Botswana, Antigua and Barbuda, Dominica, Dominican Republic, Mexico and Panama. Dr. Jackson has also traveled to Chile and Argentina to study their political systems and economic integration policies.
This entry was posted in Congress, International Trade and tagged , , . Bookmark the permalink.

2 Responses to Dr. Jackson Pushes for AGOA Renewal at Summit on Africa

  1. Pingback: Special Trade Programs for U.S. Textile and Apparel | International Trade Examiner

  2. Pingback: The Top 5 Trade Policies to Follow in 2015 | International Trade Examiner

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge