Madagascar - National AGOA Strategy 2022-2025
The new Madagascar National AGOA Strategy covers all aspects of analysis and design necessary for the formulation of a post-COVID plan and an update of the previous National AGOA Strategy. As such, the Strategy consists of two primary components.
First is an assessment of the COVID-19 impact on Madagascar and AGOA-related sectors.
Second is an update of Madagascar’s AGOA strategy, with the goal of developing a road map for the Government of Madagascar to maximize the benefits under AGOA and to implement this strategy to penetrate the U.S. market. The AGOA Strategy identifies the key gaps in private sector comprehension of the AGOA mechanism and U.S. market trends, and formulates plans to correct these deficiencies.
The AGOA Strategy consists of a selection of sectors and products with the greatest market potential in the United States. When considering viability for the AGOA market, attention was given to regulatory requirements, standards and related certifications that are needed to enter the U.S. market and highlights the steps necessary for current and potential manufacturers to meet the relevant rules of origin and market-entry requirements.
A review of lessons-learned from other countries that have successfully taken advantage of AGOA was also analyzed for benchmarking purposes. The AGOA Strategy looks at best practices and underscores key success factors to be considered and implemented.
Finally, and most critically, the AGOA Strategy outlines how Madagascar must position itself in the next 3 years to build its competitiveness in preparation for a possible post-AGOA trade environment.