African Manufacturers Lobby U.S. for Crucial AGOA Extension
African manufacturers are urging the U.S. Congress to extend the African Growth and Opportunities Act (AGOA) before its expiry. Facing tariff increases, they argue the act is vital for economic growth and job retention across various sectors. The fate of AGOA remains uncertain amid shifting U.S. trade policies.
African manufacturers are pushing for a crucial extension to the African Growth and Opportunities Act (AGOA), set to expire soon. The act, originally passed in 2000, grants duty-free access to the U.S. market for numerous African products.
The campaign for AGOA's renewal comes amidst President Donald Trump's aggressive tariff policies, casting uncertainty over its future. Despite bipartisan backing, efforts to extend AGOA for 16 years have previously stalled in Congress.
With private investors and officials engaging with U.S. lawmakers, the urgency to prevent significant job losses is evident. Without an extension, products like synthetic textiles could see tariffs rise sharply, threatening economic growth in Africa and increasing U.S. reliance on Asian manufacturers.
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