US Senator Kennedy introduces bill to extend AGOA by 20 years
Sen. John Kennedy (R-La.) today introduced the AGOA Extension Act of 2023, a bill that would extend the African Growth and Opportunity Act (AGOA) through September 2045.
The AGOA has been key in helping the United States work with sub-Saharan Africa to facilitate trade, reduce poverty, promote democracy and counter China’s growing influence in the region.
“The African Growth and Opportunity Act has been the cornerstone of economic ties between the United States and Africa. Over the next two decades, the AGOA will play a pivotal role in helping Americans deter China’s growing influence throughout the region.
This extension would allow the United States to keep working closely with African nations to grow our economies, reduce poverty and ensure that American values prevail in the region,” said Kennedy.
Background:
Congress first enacted the African Growth and Opportunity Act in 2000. The program encourages African countries to adopt market-based economies, support democracy and protect due process and the rule of law.
In turn, AGOA-eligible nations receive duty-free access to thousands of products in the U.S. market. Today, 35 countries are eligible for AGOA benefits. The AGOA has also supported nearly 120,000 jobs in the United States.
The AGOA Extension Act of 2023 will extend the program for 20 years to 2045. Congress last extended the AGOA in 2015 by 10 years, authorizing the program through 2025.
Legislative update: Mr. Kennedy introduced the bill (on 27 September 2023); which was read twice and referred to the Committee on Finance.
Download a copy of the bill from the AGOA.info legal documents library here.
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