Showing posts with label Us textile industry news. Show all posts
Showing posts with label Us textile industry news. Show all posts

Saturday 23 January 2016

Substantial Increase Of Textile Export Expected From Africa To USA Due To Duty Free Trade Treaty


As per the statement of an official from the US, the textile and apparel exports from Africa to the USA might quadruple to a whopping $4 billion in the coming decade owing to the extension of the duty-free trade treaty. The African Growth and Opportunities Act (AGOA), is a trade program which avails certain sub-Saharan nations duty free access to USA, the world’s largest apparel market, thus giving Africa a great competitive edge over other nations Asian such as Bangladesh and Vietnam. The AGOA was established back in the year 2000, and was renewed past its stipulated expiration date in 2008.