President Obama reinstated Madagascar’s AGOA eligibility in June , after nearly five years of AGOA suspension following the coup in. Soamiely Andriamananjara and Amadou Sy study the impact of the suspension of Madagascar’s African Growth and Opportunity Act (AGOA). Impediments to increased AGOA-export and intra-regional trade. .. The Malagasy economy has progressively resumed with growth after the crisis, although.
|Published (Last):||28 July 2018|
|PDF File Size:||2.10 Mb|
|ePub File Size:||9.86 Mb|
|Price:||Free* [*Free Regsitration Required]|
From Wikipedia, the free encyclopedia.
In comparison, the regular AGOA rules of origin more restrictively require that apparel qualify for duty-free treatment must meet one of the following conditions: Trade Representative Michael Froman. In addition to growth in the textile and apparel industry, some AGOA countries have begun to export new products to the United States, such as cut flowershorticultural products, automotive components and steel. On 29 Junethe Obama Administration signed a new bill to extend the AGOA including the third country fabric provision for another ten years until 30 September While Nigeria and Angola are the largest exporters under AGOA, other countries, particularly South Africa’s have been more diverse and unlike the former are not mainly concentrated in the energy sector.
Ethiopia and Tanzania experienced the fastest growth rates during the period— Bilateral Investment Treaties Other Initiatives. Thus, fabrics and yarns must be US or sub-Saharan African origin to qualify for eligibility. Agricultural products are a promising area for AGOA trade; however much work needs to be done to assist African countries in meeting U. Unsourced material may be challenged and removed.
Read the original article on State Department. AGOA is a U. This designation entitles certain qualifying apparel duty-free access to the US market. The program offers tangible incentives to sub-Saharan African countries for undertaking difficult political and economic reforms that promote long-term growth and development.
A newly released madqgascar by the U.
African Growth and Opportunity Act – Wikipedia
You are commenting using your WordPress. Government will work with eligible ccountries to sustain their efforts to institute madavascar reforms, and with the remaining nine Sub-Saharan African countries to help them achieve eligibility.
August Learn how and when to remove this template message. The Act’s apparel special provision, which permits lesser-developed countries to use foreign fabric for their garment exports, was to expire in September June 30 – July 4 Statement by Deputy U. After an extensive review, including through a USTR-led interagency trip in April, the United States Government concluded that Swaziland had not demonstrated progress on the protection of internationally recognized worker rights.
In Decemberfor example, Guinea, Madagascar, and Niger were agoz removed from the list of eligible countries; by Octoberthough, eligibility was restored to Guinea and Niger, and by Juneto Madagascar as well. You are commenting using your Facebook account.
The eligibility criteria was to improve labor rights and movement toward a market-based economy. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
June Press Office Week Ahead: AGOA has resulted in limited successes in some countries.
President Obama removes Swaziland, reinstates Madagascar for AGOA Benefits
Swaziland and The Gambia’s eligibility status was restored December 22, However, the dismantling of the Multi Fibre Agreement mafagascar world quota regime for textile and apparel trade in January reversed some of the gains made in the African textile industry due to increased competition from developing nations outside of Africa, particularly China.
Swaziland, South Sudan, and the Gambia were declared ineligible January 1, Retrieved from ” https: It is also subject to the regional fabric tariff preference level of , m2 equivalent.
Guinea Bissau’s eligibility restored December 23, We are hopeful that Madagascar will take advantage of AGOA’s potential to create employment, expand bilateral trade and contribute to the economic well-being, security and health of its people,” said U. However, SSA overall remained a small apparel supplier to the U.