Enacted on May 18th, 2000, as Public Law 106 by former President Georges Bush, the African Growth and opportunity Act (AGOA) is a United States Trade Act offering tangible incentives to qualifying Sub-Saharan African Countries to strengthen their economies and build free markets. AGOA provides eligible countries with duty free access to the United States for over 1,800 products, in addition to the more than 5,100 products that are eligible under the GSP program. Products include apparel, textile, agricultural products, beverages, essential oils, skins and leather, energy related products, transportation equipment among others. AGOA is expected to end on September 30th, 2025.
Increasing trade and investments with free trade agreements
Trade is critically important to economic development and is the key to long-term, sustainable economic growth in Africa. … “According to the U.S. Census Bureau, U.S. total goods imports under AGOA (including GSP) totaled $6.7 billion in 2021 compared to $8.4 billion in 2019. This decline was mainly the result of the lower value of oil imports. However, non-oil imports under AGOA, a major source of new investment and jobs, increased during this period to $4.8 billion in 2021 from $3.8 billion in 2019…” says Ambassador Katherine Tai, United States Representative in the biennial report on the implementation of AGOA..
With the world’s fastest growing population, the largest free trade area in the world and the implementation of the African Continental Free Trade Agreement (AFCFTA), Africa is a great geopolitical opportunity for the U.S. To promote opportunities available with free trade agreements for both continents, Bizness Group LLC is coordinating a road show before the upcoming U.S. – Africa Leaders Summit, to connect buyers and retailers to African suppliers and manufacturers in the fashion industry using AGOA.
African Clothing and Cosmetics Road Show
The event is a series of 3-day activities (panel, conference, workshops, expo, African food sampling, B2B, B2C) across different U.S. Cities (New York, Philadelphia, Washington DC, Atlanta, Houston, Los Angeles, Las Vegas).…” We would like to thank the U.S. Department of Commerce, the Minority Business Development Agency, International Trade Administration, the Office of Textiles Administration for the support and guidance we received to prepare this initiative. We are grateful for the partnership with Walmart that gives us access to more than 5000 stores in North America. Participants will be able to place orders using Afterpay, the leading Buy now Pay later digital payment platform. We are also extending our appreciation to Liberty Coca Cola, as we are going to do some brands activations with the new Coca Cola dream flavored and enjoy African food combo with Coke products…” says Severin Coulibaly, the Organizer.
More information about the road show can be found at: https://www.africanclothing.us/african-clothing-sales-events/
About African Clothing®
African Clothing® is a trademark promoting African apparel, textiles, footwear, and cosmetics products Made in Africa. The marketplace connects buyers and retailers to African manufacturers. Our services include sourcing, merchandising, retail, wholesale, B2B, B2C, D2C, Drop Shipping, and US – Africa business networking.
Company Name: Bizness Group LLC
Contact Person: Severin Coulibaly
Email: Send Email
Country: United States