In a statement from the White House, President Joe Biden expressed strong support for the reauthorization of the African Growth and Opportunity Act (AGOA).
This bipartisan law has been a cornerstone of U.S. trade with sub-Saharan Africa for over two decades, and the President encouraged Congress to swiftly reauthorize and modernize AGOA to adapt to the economic opportunities of the coming decade.
AGOA plays a crucial role in promoting private-sector-led economic growth across sub-Saharan Africa by enhancing the competitiveness of African products, expanding export diversity, and contributing to the creation of numerous high-quality jobs in Africa. Its positive impacts are evident on both sides of the Atlantic, fostering a more competitive environment for U.S. businesses operating in sub-Saharan Africa.
President Biden expressed his commitment to working expeditiously with Congress and African partners to extend AGOA beyond 2025.
The goal is to deepen trade relations between the United States and African countries, promote regional integration, and unlock Africa’s significant economic potential for mutual benefit. The President emphasized that Africa’s success is intertwined with the world’s prosperity, making the reauthorization of AGOA vital for the global community.
