Brookings Institute Reports on Challenges and Prospects for AGOA
admin - Tue, 08/10/2010

AGOA at 10: Challenges and Prospects for U.S.-Africa Trade and Investment Relations, Africa Growth Initiative, Brookings Institution, July 2010

From the report: This year’s Africa Growth and Opportunity Act (AGOA) Forum, held on August 2-3 in Washington, DC, marks 10 years of trade and development cooperation between the United States and Africa. With 38 African countries currently receiving preferential access for imports to the U.S. on over 6,400 products, AGOA has been a significant step in encouraging African political and economic reform efforts and promoting greater investment and growth for Africa. Since AGOA’s inception, exports from eligible African countries to the U.S. increased from $23 billion in 2000 to $81 billion in 2008. However, the benefits and impacts of AGOA on African countries could be even greater. Currently, about 90 percent of African exports to the U.S. under AGOA are energy-related products with 70 percent of total AGOA imports to the U.S. coming from oil producing countries Angola and Nigeria. There are also legitimate concerns regarding AGOA’s potential expiration in 2015 and what it might mean for countries that depend on AGOA benefits.

Access the report here.

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