TRALAC - Trade Law Centre

Royce, Engel, Smith, Bass work to strengthen US-Africa trade

Thursday, 27 July 2017 Published: | Representatives Royce, Engel, Smith, Bass

Source: Foreign Affairs Committee US House of Reps

House Foreign Affairs Committee Chairman Ed Royce (R-CA), joined by Ranking Member Eliot Engel (D-NY) and Reps. Chris Smith (R-NJ) and Karen Bass (D-CA), introduced today the AGOA and MCA Modernization Act (H.R. 3445). 

> Download a copy of the Bill as well as a separate summary at the links alongside. 

The bipartisan legislation strengthens both the African Growth and Opportunity Act (AGOA) and the Millennium Challenge Act (MCA).

AGOA is landmark trade legislation first passed in 2000 to develop a trade relationship between the United States and the nations of sub-Saharan Africa.  And MCA established the Millennium Challenge Corporation (MCC), which provides large-scale grants to promote economic growth opportunities in developing countries committed to good governance. 

Together, these laws have helped increase trade between the U.S. and Africa.

On the introduction of H.R. 3445, Chairman Royce, Ranking Member Engel, Rep. Smith and Rep. Bass said: “Moving developing countries away from aid and toward trade helps African companies, especially women. 

 

 

But it also benefits U.S. farmers, manufacturers and small businesses by providing new markets for their goods. So today we are introducing a bill to modernize AGOA and MCA – key laws in the effort to encourage African economic independence and promote U.S.-Africa trade.  With Africa’s consumer spending expected to reach one trillion dollars, now is the time to accelerate this important trade relationship.”

 

Specifically the bill:

  • creates a website to make information about AGOA benefits more readily available to both sub-Saharan partners and the American people;
  • encourages policies that promote trade and cooperation while providing much-needed technical assistance to help eligible partners fully utilize AGOA;
  • gives the MCC increased flexibility to promote regional trade, collaboration, and economic integration by allowing up to two simultaneous compacts with an eligible country;
  • provides stability for MCC’s operations by enabling its private-sector board members to extend their terms for up to two years, until a replacement has been confirmed by the United States Senate; and
  • enhances the transparency and accountability of the MCC by strengthening reporting requirements.

 

Related News

US Congress poised to remove hurdles to US-Africa development aid

US Congress poised to remove hurdles to US-Africa development aid

The Senate is set to vote on a bill authorizing the Millennium Challenge Corporation (MCC), a U.S. foreign aid agency that gives large grants to developing countries, to enter regional compacts in Africa. What's next: The bill, which passed the House last month, authorizes MCC to support increased regional integration efforts and cross-border trade in Africa by...

09 March, 2018
Republican Ed Royce’s respectful interest in Africa will be missed

Republican Ed Royce’s respectful interest in Africa will be missed

Over the past quarter century, few members of the US Congress have taken a more serious, supportive or politically brave interest in Africa than Republican Ed Royce, now chairman of the house foreign affairs committee and for many years previously its Africa subcommittee. None would be less likely than this frequent visitor to use barnyard epithets to describe the continent...

19 January, 2018
House of Reps passes AGOA and MCA Modernization Act

House of Reps passes AGOA and MCA Modernization Act

Today, Rep. Karen Bass (D-Calif.), Ranking Member of the House Africa Subcommittee, applauded the passage of the African Growth & Opportunity Act (AGOA) and Millennium Challenge Act (MCA) Modernization Act, which passed by a unanimous voice vote on the House (of Representatives) Floor. The bill, introduced by House Foreign Affairs Committee Chairman Ed Royce (R-Calif.),...

17 January, 2018
Reps Brady & Reichert express strong support for AGOA as US co-hosts forum in Togo

Reps Brady & Reichert express strong support for AGOA as US co-hosts forum in Togo

WASHINGTON, D.C. – Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) and Trade Subcommittee Chairman Dave Reichert (R-WA) issued the following statements as the United States and Togo co-host the 2017 African Growth and Opportunity Act (AGOA) Forum this week to further strengthen important economic ties between the United States and Africa. Reinforcing his...

08 August, 2017
Lawmakers: US urgently needs more engagement in Africa

Lawmakers: US urgently needs more engagement in Africa

The U.S. must remain active in Africa, which is in the midst of three famines and ongoing political instability, the chairman of the House Foreign Affairs Committee said during a recent hearing in Washington. “Our engagement in Africa is in the strategic interest of the U.S. not only to address urgent humanitarian aid, but also to advance economic, political and security...

01 June, 2017