Home / Knowledge / News / Apparel/Garments / Forum seeks AGOA extension for another 15 years
Forum seeks AGOA extension for another 15 years
16
Aug '13
The 12th US-Sub Saharan Africa Trade and Economic Cooperation Forum 2013, also called AGOA Forum, concluded recently in Addis Ababa, Ethiopia, with a strong intention for the extension of the African Growth and Opportunity Act (AGOA) for another 15 years.
 
The AGOA Act offers tangible incentives for several African countries to continue their efforts to open their economies and build free markets and export most of their products, including textile and apparel, duty-free to the US.
 
The AGOA Act was signed into law on May 18, 2000 as Title 1 of the Trade and Development Act of 2000, and is to expire on September 30, 2015.
 
The Forum closed with strong endorsements by the African ministers urging the US Congress to extend AGOA for another 15 years, thereby allowing the US and its African partners to continue the course for significant development of the region.
 
Michael Froman, US Trade Representative, who led the US delegation at the Forum, said US officials and ministers from AGOA eligible Sub-Saharan African countries have launched a review to discuss changes to be made while taking AGOA forward.
 
According to a statement from the Office of The US Trade Representative, Mr. Froman said, “Our strategy goes beyond traditional aid and assistance, we’re focused on mobilizing trade and investment”
 
“President Obama has made clear that we seek a ‘seamless’ renewal of AGOA before it expires in 2015, one that will give certainty and predictability to manufacturers, buyers, and investors both in Africa and in the United States, and we will work in partnership with stakeholders, in the US and Africa, especially with Congress, to achieve that objective.”
 
The AGOA Forum was held nearly a year after the third-country fabric provision was extended till September 30, 2015, by the US Government to facilitate African apparel exports to the US.
 
In 2012, AGOA-eligible countries exported goods worth nearly US$ 35 billion, including textiles and clothing, to the United States under the act. 
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search