The African Growth and Opportunity Act (AGOA) is scheduled to expire on September 30th, marking a significant shift in the U.S. government’s approach to trade with Africa. Established in 2000, AGOA provides preferential trade benefits to African nations participating in these programs. The legislation aims to stimulate economic growth in Africa by facilitating investment and technology transfer. However, recent economic challenges and concerns about the effectiveness of the program have led to discussions regarding its future. The U.S. government is currently evaluating potential adjustments to the legislation’s framework.
Credits: AllAfrica News: Latest
