US renews trade subsidy pact with African countries
The United States on Tuesday renewed the African Growth and Opportunity Act (AGOA) through the end of the year, an agreement that allows many African countries to access the US market duty-free. A cornerstone of US-Africa trade relations for 25 years, the AGOA has allowed the United States to buy billions of dollars of duty-free cars, clothes and other items from select African countries each year.
The United States on Tuesday renewed the African Growth and Opportunity Act (AGOA) through the end of the year, an agreement that allows many African countries to access the US market duty-free. A cornerstone of US-Africa trade relations for 25 years, the AGOA has allowed the United States to buy billions of dollars of duty-free cars, clothes and other items from select African countries each year.
