African governments are seeking an extension of the African Growth and Opportunity Act (AGOA) beyond 2025. The law was enacted in 2000 to “encourage increased trade and investment between the United States and sub-Saharan Africa”. We asked David Luke, who specialises in African trade policy and trade negotiations, what benefits AGOA has brought for qualifying African countries and how it can be improved.
TO WHAT EXTENT HAS THE AGOA GOAL BEEN ACHIEVED?
The duty- and quota-free access to the US market granted by AGOA has helped in boosting trade and investment between sub-Saharan Africa and the US. Many of the qualifying African countries have recorded specific successes in goods exported under AGOA to the US. These include textiles and apparel from Kenya, Ethiopia, Mauritius, Lesotho, Ghana and Madagascar. In Kenya, for instance, the apparel-dominated AGOA sales have grown from US$55 million in 2001 to US$603 million (about R11 billion) in 2022, accounting for 67,6% of the country’s total exports to the US.
South Africa has sub-Saharan Africa’s most diversified export list. The value of its automotive sales to the US increased by 447,3% between 2001 and 2022 under AGOA. South Africa’s vehicle exports to the US increased by 1 643,6% in the first year of the Act, from 853 units in 2000 to 14 873 units in 2001.
Other country-specific successes include Ghana, where non-oil products like plant roots, textiles and travel goods are accessing the US market under AGOA. Ghana’s exports to the US grew from US$206 million in 2000 to US$2,76 billion (about R50 billion) in 2022, though only 26% of this trade was under AGOA.
ãã®èšäºã¯ Farmer's Weekly ã® December 01, 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Farmer's Weekly ã® December 01, 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
A Karoo-farm holiday for the family or business traveller
This is the ideal Karoo-farm stopover between the Western Cape and Gauteng,
Toyota 48V: hybrid heavyweights in a changing world
Toyota's global mandate to lower overall emissions via a multi-technology approach sees the venerable Hilux and popular Fortuner packages receive their timely respective doses of hybridisation. By CAR.
Promising new cultivars on show at sorghum demonstration day
Magda du Toit recently attended a sorghum cultivar demonstration day and takes a look at the exciting new products making their way onto the market.
The basics of sheep shearing
Sheep shearing is a specialised skill, but with adequate training, anyone can learn how to effectively and efficiently shear a sheep,
Healthy soils lead to healthy plants and animals
Dr Louis du Pisani shed light on why biodiversity is important, and its impact on soil, plant and animal health at the World Veterinary Association Congress held in Cape Town.
'SA's water crisis could turn into a human catastrophe'
Abysmal management has left South Africa's water and wastewater infrastructure in a severely compromised position, Lambert de Klerk, manager of Environmental Affairs at AfriForum
Uganda gives a helping hand to Zambia with 500 000t maize pledge
Drought-stricken Zambia has reached out for more international assistance as the situation, the worst in 40 years, deteriorates in the African country
Shearing shed handover to wool growers
Shearing sheep made just a little easier for Eastern Cape farmers with donation,
Top agriculture students taken on by department
Twenty of the top achievers from the Cedara and Owen Sitole colleges of agriculture in KwaZulu-Natal officially received letters of appointment and signed two-year contracts under the KwaZulu-Natal (KZN) Department of Agriculture and Rural Developmentâs Unemployed Agriculture Graduates Youth Programme.
African leaders vow to tackle soil health ills to bolster food production
African Union leaders spoke as one voice at a recent fertiliser and soil health summit, pledging to take measures to improve Africa's soil quality