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Africa Growth and Opportunity Act (AGOA)
Background
The African Growth and Opportunity Act (AGOA) was signed into law on May
18, 2000 as Title 1 of The Trade and Development Act of 2000. The Act offers
tangible incentives for African countries to continue their efforts to open their
economies and build free markets. President Bush signed amendments to
AGOA, also known as AGOA II, into law on August 6, 2002 as Sec. 3108 of
the Trade Act of 2002. AGOA II substantially expands preferential access for
imports from beneficiary Sub-Saharan African countries.
By modifying certain provisions of the African Growth and Opportunity Act
(AGOA), the AGOA Acceleration Act of 2004 (AGOA III, signed by President
Bush on July 12, 2004) extends preferential access for imports from
beneficiary Sub Saharan African countries until September 30, 2015;
extends third country fabric provision for three years, from September 2004
until September 2007; and provides additional Congressional guidance to
the Administration on how to administer the textile provisions of the bill.
(This is an excerpt from www.agoa.gov. For more information go to www.agoa.gov)
AGOA Eligible Countries
Background
The African Growth and Opportunity Act (AGOA) was signed into law on May
18, 2000 as Title 1 of The Trade and Development Act of 2000. The Act offers
tangible incentives for African countries to continue their efforts to open their
economies and build free markets. President Bush signed amendments to
AGOA, also known as AGOA II, into law on August 6, 2002 as Sec. 3108 of
the Trade Act of 2002. AGOA II substantially expands preferential access for
imports from beneficiary Sub-Saharan African countries.
By modifying certain provisions of the African Growth and Opportunity Act
(AGOA), the AGOA Acceleration Act of 2004 (AGOA III, signed by President
Bush on July 12, 2004) extends preferential access for imports from
beneficiary Sub Saharan African countries until September 30, 2015;
extends third country fabric provision for three years, from September 2004
until September 2007; and provides additional Congressional guidance to
the Administration on how to administer the textile provisions of the bill.
(This is an excerpt from www.agoa.gov. For more information go to www.agoa.gov)
AGOA Eligible Countries
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