Extending African Growth and Opportunity Act (AGOA) until 2045.
This bill extends the African Growth and Opportunity Act (AGOA), a major trade program with sub-Saharan Africa, for an additional 20 years, moving the expiration date from 2025 to 2045. The extension aims to provide long-term stability for US businesses and investors engaged in African markets. This stability is crucial for supporting approximately 120,000 jobs within the United States economy.
Key points
The AGOA trade preference program, which grants duty-free access to the US market for many African goods, is extended from September 2025 to September 2045.
The extension supports US economic interests and is cited as crucial for maintaining nearly 120,000 American jobs linked to trade and investment in Africa.
The bill specifically extends key provisions related to regional apparel and third-country fabric programs, ensuring continuity for the textile industry.
Status:
Expired
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