Home / Knowledge / News / Textiles / Experts seek extension of AGOA's third-country clause
Experts seek extension of AGOA's third-country clause
20
May '11
Ahead of a Minister's Meeting, a mid-term review meeting of the African Growth and Opportunity Act (AGOA) was held at Mulungushi International Conference Centre in Luaska recently.

Experts at this review meeting, suggested to extend the third-country fabric clause for 10 years, and also requested the US to extend its support to Africa on sanitary matters.

They claimed that, if the third country clause in the AGOA which is set to expire in 2012 is not extended, it would cause the African nations to suffer adversely.

Professor Festus Fajana, African Union Expert on Trade Policy in his presentation too, said that the clause should be extended, while representatives of all the 20 countries attending the meeting extended their support to his presentation.

Fajana said that, a study undertaken in the East, West and South Africa is indicative of the need to make AGOA permanent and extend the third country fabric clause for 10 years to boost the country's cotton capacity.

The African Ministers stressed to push for the extension of the third country clause beyond 2012 and even the AGOA agreement beyond 2015.

As stated by the US, from September 2012 onwards it would not allow import of those garments, which exporting countries have produced by sourcing raw materials from a third country.

As stated by the United Nations Economic Commission for Africa (UNECA), there is a need to revise the Rules of Origin (RoO), so as to help the African countries to continue manufacturing products at competitive rates by procuring raw materials at low-cost from other countries.

UNECA Chief of Trade and International Negotiations, Dr Stephen Karingi here said that, in order to encourage creation of value chain in the Sub-Sahara African region, the RoO should be revised to allow textile industries in the region to source low-cost raw materials from nations across the world.

He said that, the countries qualifying under the AGOA should rise above the supply-side constraints by reducing and easing the customs procedures and obligations and by establishing national focal points.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 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