The extension of AGOA could help transform African economies
In the last few months, there has been much discussion in South Africa about AGOA, which stands for the African Growth and Opportunity Act. The Act was passed by the United States Congress in 2000, granting qualifying African countries duty-free access to the US market for their exports.
While this may seem to many in our country to be a rather distant, even obscure, topic, AGOA is an important instrument for growing and transforming our economy. The benefits of AGOA are felt in the lives of our people through increased economic activity and the jobs that such activity created.