The African Growth and Opportunity Act Program (AGOA)

AGOA shows the renewed interest of the United States in its commitment to the economic development of Sub-Saharan Africa. It was enacted in 2000 by the U.S. Congress to give this region an access to the U.S. market, create investment opportunities for U.S. businesses, and help promote economic development in the region. AGOA is an unilateral trade preference program from the United States to Sub-Saharan Africa without reciprocity in return.

 

Trade analysts have suggested the program reflects shifting US economic policy toward Africa to promote trade, not aid.

 

Assistance targets trade infrastructure, education, agriculture and services.

 

The program contributes to the diversification of exports from Sub-Saharan Africa to the United States.