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What Happens to African Trade if AGOA Comes to an End?
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fundsforNGOs News
The African Growth and Opportunity Act (AGOA) is a US trade preference program launched in May 2000 to support sub-Saharan African economies.
It provides duty-free access to the US market for over 1,800 products from eligible African countries.
While this accounted for a small share of overall US merchandise imports, it represented a significant portion of exports from certain African countries, such as Lesotho and Madagascar.
The program has therefore supported both African exporters and US businesses while fostering long-term trade relations.
While the African Continental Free Trade Area could help offset some losses, transitioning to alternative markets would be complex and time-consuming, highlighting the critical importance of AGOA for maintaining African access to the US market.