
The African Growth and Opportunity Act (AGOA)
was signed into law in May 2000 to expand U.S. trade
and investment with Sub-Saharan Africa, stimulate economic growth, promote a
high-level dialogue on trade and investment-related issues, encourage
economic integration, and facilitate sub-Saharan Africa’s integration into
the global economy.
U.S. imports of agriculture,
fish, and forestry products from AGOA countries doubled between 2001 and
2010, to $1.2 billion. Major imports from AGOA countries include rubber, cocoa beans, cocoa paste and cocoa butter, sugar, and tree nuts. Currently,
more than 98 percent of African exports to the United States enter the
country duty free either under AGOA, the
Generalized System of Preference,
or zero-duty most-favored nation rates. U.S. exports of agriculture, fish
and forestry products to AGOA countries reached $2.2 billion in calendar
year 2010.
2011 AGOA
Forum
The annual AGOA forum brings
together more than 600 participants from the United States and Africa,
including senior government officials and representatives from the private
sector and civil society.
News
Background