TRALAC - Trade Law Centre

Statement by the press secretary on the passing of Bill H.R. 5986

Friday, 10 August 2012

Source: White House, Office of the Press Secretary (USA)

Today, the President signed into law H.R. 5986, which includes key measures to bolster domestic manufacturing and strengthen our economic ties with sub-Saharan Africa and Central America. This bill also contains provisions to renew authorities under the Burma Freedom and Democracy Act. Congress passed this legislation with overwhelming bipartisan support.

This bill addresses sub-Saharan Africa’s top trade priority with the United States by extending a key provision under the African Growth and Opportunity Act (AGOA) trade preference program until September 2015. This provision, which was set to expire in the fall, will continue to allow duty-free access to the U.S. market for certain AGOA apparel exports. AGOA continues to be critical to expanding and diversifying our trade and investment relationship with Africa.

This legislation also includes technical amendments to textile and apparel provisions under the Central America – Dominican Republic – United States Free Trade Agreement (CAFTA-DR). These technical changes will have real job-supporting economic benefits for thousands of American workers in our textile and apparel industry, and will help boost economic growth in these developing regions.

View related news articles

Senators Coons, Isakson praise Senate's reauthorization of key provision of Africa trade law

Senators Coons, Isakson praise Senate's reauthorization of key provision of Africa trade law

US Senators Chris Coons (D-Del.) and Johnny Isakson (R-Ga.), chair and ranking member of the Senate Foreign Relations Subcommittee on African Affairs, praised the Senate's passage on Thursday of a bill to reauthorize the Third Country Fabric Provision of the Africa Growth and Opportunity Act (AGOA), which is set to expire at the end of September. The Third Country Fabric...

03 August, 2012
US Congress approves lifeline for African clothing

US Congress approves lifeline for African clothing

The US Congress voted on Thursday to renew a trade measure supporting hundreds of thousands of jobs in Africa's clothing sector, just two months before the measure expires. Both the Senate and the House of Representatives approved the legislation on a voice vote, sending it to President Barack Obama to sign into law. The African Growth and Opportunity Act (AGOA), first...

03 August, 2012