Which countries utilize AGOA the most?
Lesotho and Kenya in particular have enjoyed the highest AGOA utilization rates: Between 2010 and 2020, apparel products from Kenya accounted for 88 percent of the country’s total exports to the United States under AGOA ($3.6 billion in value); apparel products from Lesotho accounted for 99 percent of the same ($3.2 …
How many countries are eligible for AGOA?
38 countries are eligible for AGOA benefits in 2020. In 2015, Congress passed legislation modernizing and extending the program to 2025.
Is South Africa part of AGOA?
INTRODUCTION TO AGOA An Agreement was signed on 07 January 2016 to admit the three US meats (poultry, pork and beef) into South Africa by 15 March 2016.
Is Namibia part of AGOA?
The AGOA strategy is a collaboration between the Ministry of Industrialisation and Trade and other stakeholders, including the Namibian private sector, with support from the U.S. Agency for International Development (USAID).
Is Kenya a member of AGOA?
Kenya led the East African Community members in its use of the Africa Growth Opportunity Act (Agoa) treaty, scoring 98 per cent.
Is Kenya part of AGOA?
Kenya is one of the top five beneficiaries of the US-Africa trade initiative, the African Growth and Opportunity Act (AGOA).
How does Lesotho benefit from AGOA?
AGOA has imparted significant and valuable benefits to the economy of Lesotho. It has given a boost to exports of textiles and clothing, increased FDI and the manufacturing sector’s contribution to economic growth. It has also reduced unemployment in Lesotho by creating jobs for low skilled workers, particularly women.
How African countries have gained from AGOA?
AGOA has had a success in helping many African countries diversity their export portfolios.” It is evident that AGOA is providing the right incentives for beneficiary counties to become globally competitive by making economic and commercial reforms.
What does Namibia export to USA?
Namibia has become the first African country to export red meat to the United States, following nearly two decades of negotiations.
How does Namibia benefit from AGOA?
Namibia’s exports were further enhanced by AGOA II which allows Namibia to benefit from the ‘lesser developed beneficiary Sub-Saharan African country’ provision. This afforded the Namibian producers opportunities to use third country fabric in qualifying apparel until September 2007.
Is Angola part of AGOA?
On 31 December 2003, the Central African Republic (CAR) and Eritrea were removed as AGOA-beneficiaries (Central African Republic was reinstated on 15 December 2016), followed later by Mali and Madagascar, while Angola was included.
Is Ethiopia part of AGOA?
In 2020, 38 countries were eligible for AGOA. In its Saturday statement, the USTR said Ethiopia, Mali and Guinea may still rejoin the pact if they met the statute’s provisions.