The African Growth and Opportunity Act (AGOA) is the U.S. government’s signature trade initiative with sub-Saharan Africa and it is unique. At a media briefing the Economic Counselor of the U.S. Embassy Perry Ball said AGOA is unique for the following reasons
- It’s the most liberal trade access to U.S. market available to any country or region in the world.
- It provides duty-free treatment for 1,800 products in addition to the 4,600 products available to non-AGOA beneficiary countries.
- It provides an additional preference in form of duty free access for apparel made with fabric originating anywhere in the world. Thus fabric brought into Nigeria from China can be made into clothes and exported to the U.S.
- Best of all the U.S. asks for nothing in return. They don’t require that the countries also open up their own borders to products from the U.S.