The expiration of the Clinton-era African Growth and Opportunity Act (AGOA) on September 30th has prompted analysis suggesting a potential shift in the US-Africa economic relationship. AGOA, established in 1995, facilitated preferential trade terms between the US and African nations, particularly in agricultural and manufacturing sectors. The agreement’s expiration has significantly increased tariffs on a substantial portion of African exports, including apparel and textiles. This development is viewed by some as accelerating China’s influence across the continent, potentially leading to increased economic ties and trade with the region.
Credits: News – South China Morning Post
