The African Growth and Opportunity Act (AGOA) was signed into law on May 18, 2000 as Title 1 of The Trade and Development Act of 2000. The Act offers tangible incentives for African countries to continue their efforts to open their economies and build free markets.
Local manufacturers would like the Act repealed and terms redefined as captured in the following video:
Obviously, Kenya has lost a lot of ground in this intiative and needs to be more aggressive in presenting its case at the next forum.
The eighth AGOA Forum will be held in Nairobi, Kenya , August 4-6, 2009. The theme of this year’s Forum is “Realizing the Full Potential of AGOA through Expansion of Trade and Investment.” The Forum will focus on a number of crucial trade and economic issues, including but not limited to how countries can take full advantage of the range of export opportunities that AGOA offers. The Ministerial discussions will be held on August 5-6, and the private sector and civil society groups will hold related events on August 4. Further details will be posted in the near future.
