The African Growth and Opportunity Act (AGOA) has expired, marking a significant shift in US foreign policy towards Africa. Established in 2000, AGOA provides preferential trade agreements to over thirty African nations, granting them duty-free access to the United States market. This program aimed to stimulate economic growth and development within these countries through increased trade. While AGOA facilitated substantial investment and job creation in Africa, its effectiveness has been a subject of debate. The expiration of the Act will impact future trade relations between the US and Africa.
Credits: AllAfrica News: Latest
