AGOA: Origins, purpose and achievements
Summary :
Table of Contents
- Introduction.
- Origin.
- Amendments.
- Purpose.
- Benefits.
- Benefits to non-textile industries.
- Benefits to textile industries.
- AGOA: Implementation subcommittee of the Trade Policy Staff Committee (TPSC).
- Developments.
- Criteria.
- Achievements.
- AGOA's Impact on textile and apparel industry.
- 2007 AGOA report to Congress.
- Conclusion.
Abstract
President George Bush shared his empathy in the incidents of violence and economic crisis that beset African countries. The humanitarian and human rights crises in different parts of Africa are severely sabotaging its economy. It is to the United States' view that a way to spread peace is to encourage political and economic reform across Africa by opening markets in the United States (U.S. Office of the Press Secretary). To this view in mind, the United States Congress has enacted a law which has fostered a trade agreement between the United States and the African Union: The African Growth and Opportunity Act.
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