Oct 13 2023
Hope for Africa-US Trade Ties as Bill Seeks to Extend AGOA by 20 Years
Photo Courtesy of The Star
Introduced by Senator John Kennedy, the Bill seeks to extend AGOA to September 30, 2045.
Kenya is among the biggest beneficiaries of the Act with more than 70% of exports to the US enjoying duty-free access, mainly articles of apparel and clothing accessories and coffee.
Sub-Saharan Africa could enjoy another 20 years of duty-free access to the US market for goods traded under the African Growth and Opportunity Act, if a new Bill is enacted.
This comes even as Kenya and the US continue to engage on a possible Strategic Trade and Investment Partnership (STIP), to further deepen trade and investment ties between.