Enacted on May 18th, 2000, as Public Law 106 by former President Georges Bush, the African Growth and Opportunity Act (AGOA) is a United States Trade Act offering tangible incentives to qualifying Sub-Saharan African Countries to strengthen their economies and build free markets. AGOA provides eligible countries with duty-free access to the United States for over 1,800 products, in addition to the more than 5,100 products that are eligible under the GSP program. Products include apparel, textile, footwear, skins, and leather among others. AGOA is expected to end on September 30th, 2025.
Increasing trade and investments with free trade agreements
Trade is critically important to economic development and is the key to long-term, sustainable economic growth in Africa. Located in west Africa, Cote d’Ivoire is the world’s largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. For the last 5 years, Cote d’Ivoire’s growth rate has been among the highest in the world. Eligible under AGOA, Cote d’Ivoire is looking to diversify its export economy by focusing on the textiles, apparel, and footwear industry, and take advantage of the AGOA opportunity.
“In June 2022, the American Apparel and Footwear Association (AAFA) urged the office of the United States Trade Representative (USTR) to renew the AGOA, as U.S. brands and retailers look to diversify sourcing. The AGOA region’s growing textile and garment sector has gained business from American brands in recent years, but the legislation’s “on-again, off-again nature” has eroded U.S. importers’ interest in utilizing its benefits, according to Beth Hughes, AAFA Vice President of trade and customs policy. While its 10-year renewal in 2015 was an “important first step,” she said officials should extend the agreement’s active period to “sustain the kind of long-term trade and investment that is needed to alter centuries of underdevelopment.”…
African Clothing and Cosmetics Road Show
The event is a series of 3-day activities (panel, conference, workshops, expo, B2B, B2C) across different U.S. Cities (New York, Philadelphia, Washington DC, Atlanta, Houston, Los Angeles, Las Vegas) to explore business opportunities with U.S buyers and retailers interested to sourcing in Africa under AGOA.
Roger Bango, a manufacturer who will be participating in the event is an established Fashion Designer and clothing consultant based in Abidjan, Cote d’Ivoire. Equipped with 100 state-of-the-art and high-performance machines, his factory unit produces up to 500 pieces daily and 15000 pieces monthly.
More information about him can be found at: https://www.africanclothing.us/campaigns/taste-my-dream-designer-roger-bango-u-s-tour/
We would like to thank the U.S. Department of Commerce, the MBDA, International Trade Administration, and the Office of Textiles Administration for the support and guidance we received in preparing this initiative. Says Severin Coulibaly, Founder of the African Clothing® Marketplace. More information about the roadshow can be found at: https://www.africanclothing.us/african-clothing-sales-events/
About African Clothing®
African Clothing® is a trademark promoting African apparel, textiles, footwear, and cosmetics products Made in Africa. The marketplace connects buyers and retailers to African manufacturers. Our services include sourcing, merchandising, retail, wholesale, B2B, B2C, D2C, Drop Shipping, and U.S – Africa business networking.
Company Name: Bizness Group LLC
Contact Person: Severin Coulibaly
Email: Send Email
Country: United States