US EditionNews24 | White House Supports One-Year Extension of AGOA
The White House supports a one-year AGOA extension to protect hundreds of thousands of jobs and counter Chinese influence amid tariff challenges, officials said.
- On Monday, White House officials said U.S. President Donald Trump supports a one-year extension of the African Growth and Opportunity Act, which expires on Tuesday.
- Amid lobbying in recent weeks, African governments and investors pressed for a short extension after longer-term renewal stalled in Congress, with prospects for AGOA renewal remaining deeply uncertain.
- AGOA supports hundreds of thousands of jobs across more than 30 eligible countries, including over 66,000 in Kenya, while the International Trade Centre warned of export declines in apparel, tuna, and South African shipments.
- Bilateral tariffs of between 10% and 30% have exposed formerly duty-free exports to U.S. import taxes, with Kenya hit by a 10% levy, and Capital Economics said these tariffs have effectively killed off AGOA.
- Kenya's National Assembly on September 24 called for expedited extension and President William Ruto stated, `I will be asking him for the U.S. to consider seriously renewing and extending AGOA for at least a minimum of five years`, while seeking a bilateral trade deal by year-end.
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The White House would support a renewal of this 25-year-old agreement for another year, but in the absence of an official announcement, African companies say they are "very nervous."
White House says Trump supports renewal of African trade initiative due to expire
African businesses are on tenterhooks as they wait to see if the African Growth and Opportunity Act - a trade initiative aimed at sub-Saharan Africa - will be renewed before it expires on Tuesday. The White House says President Trump supports it but the clock is ticking.
US said to back one-year-extension for Africa trade pact
The White House reportedly backed a one-year extension for a key US-Africa trade agreement that is due to expire today, though its renewal remains uncertain. Since the African Growth and Opportunity Act was implemented in 2000, sub-Saharan African nations have exchanged goods duty-free with the US, boosting trans-Atlantic trade. But the deal has been effectively scuppered by American tariffs, while pleas by African leaders to extend AGOA have go…
White House Supports One-Year Extension of Africa Trade Pact
The Trump administration supports a one-year extension of the African Growth and Opportunity Act, according to a White House official, offering a boost to the decades-old trade pact set to expire at the end of the month.
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