Related Keywords: African Growth and Opportunity Act, AGOA, allows African nations, clothing industry, duty free access to US markets, fast track trade authority, for another 10 years, Textiles, US Congress renewed the act, Walmart
The African Growth and Opportunity Act (AGOA), a 15 year old law which had been due to expire at the end of September, allows sub-Saharan African nations duty-free access to U.S. markets for certain goods such as textiles has been renewed by the U.S. Congress. This makes Africa the latest continent wrapped up in a spree of trade legislation clearing through Congress.
Congress cleared the legislation a day after it gave President Barack Obama “fast-track” trade authority to put trade deals, such as the impending Trans-Pacific Partnership, before Congress for an up-or-down vote.
