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.
