AGOA Extension and Enhancement Act: Boosting US-Africa Trade to 2037
This act extends the African Growth and Opportunity Act (AGOA) until 2037, ensuring continued duty-free access to the U.S. market for many products from Sub-Saharan African countries. It introduces new monitoring and review mechanisms for participating countries and requires them to develop strategies to maximize trade benefits. The goal is to foster economic growth in Africa and promote fair trade practices.
Key points
The AGOA program, allowing duty-free exports from Africa to the U.S., is extended for 12 years, until September 30, 2037.
More frequent and detailed reviews of African countries are introduced to ensure they meet program requirements, including human rights and anti-corruption standards.
African countries must develop strategies to better utilize AGOA benefits, aiming to boost their economies and create jobs.
A mechanism is established for graduating high-income countries from the program, unless they negotiate a free trade agreement with the U.S.
Enhanced scrutiny is placed on textile and apparel imports to prevent goods made with forced labor from entering the U.S. market.
Expired
Additional Information
Print number: 118_HR_10366
Sponsor: Rep. James, John [R-MI-10]
Process start date: 2024-12-11