By providing new market opportunities for African exports, especially for non-traditional and value-added products, AGOA has helped African firms become more competitive both in the United States and internationally. Many African businesses that had never previously considered the U.S. market are attending trade shows and getting orders - for Ugandan organic cotton T-shirts, Mauritian seafood, Ghanaian cocoa powder, Ethiopian shoes, and a whole range of products.
AGOA has also been good for the United States. U.S. exports to sub-Saharan Africa have more than tripled as Africa’s growing middle class is increasingly able to buy high-quality products Made in America. African businesses have sought more U.S. inputs, expertise, and joint partnerships, and U.S. investment in Africa is creating good jobs and higher incomes for workers on both sides of the Atlantic.
The challenge now is to expand AGOA’s impact even further. At this week’s Forum, our team focused on further expanding our economic engagement with Africa, paving the way for AGOA’s renewal in 2015, and building a stepladder that furthers Africa’s growth, development and global economic integration. This is the vision we and our partners share, and this week’s discussions at the AGOA Forum will help chart our way forward.
Last updated: May 20, 2014