Tuesday, February 17, 2015

Sunset on the African Growth and Opportunity Act? | Brookings Institution

Sunset on the African Growth and Opportunity Act? | Brookings Institution: "Uncertainty about when AGOA will be renewed similarly leads to uncertainty by U.S. companies about whether to invest in African companies. This is a detriment to development on the continent and threatens to undermine the goodwill that AGOA has created for the U.S. in Africa.

Importantly, Africa is not the only beneficiary of this key trade legislation. According to the United States Trade Representative, exports to Africa support more than 120,000 jobs in the United States. Without predictability in the U.S.-African commercial relationship it will be difficult to grow, let alone sustain, this number."



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