President George Bush shared his empathy in the incidents of violence and economic crisis that beset African countries. The humanitarian and human rights crises in different parts of Africa are severely sabotaging its economy. It is to the United States' view that a way to spread peace is to encourage political and economic reform across Africa by opening markets in the United States (U.S. Office of the Press Secretary). To this view in mind, the United States Congress has enacted a law which has fostered a trade agreement between the United States and the African Union: The African Growth and Opportunity Act.
[...] Trade and investment from around the world is essential to world peace. The United States and the nations of the sub- Saharan Africa are working together to break down trade barriers around the world not just between ourselves, but around the world (United States House of Representatives). AGOA's Impact on Textile and Apparel Industry It was reported that AGOA comes at a time when the beleaguered textile industry was on its knees (Farazmand & Pinkowski). Some authors mentioned that the retail industry is suffering under light recession and there has been a change in consumer spending (Farazmand & Pinkowski). [...]
[...] Trade to Congress notes that the bilateral trade between the United States and the sub-Saharan African countries has increased 17 percent in 2006 over 2005, reaching almost $ 71.3 billion, with both U.S. exports to and U.S. imports from the region growing (AGOA.gov). The Bush administration is proud of its efforts to bring sub-Saharan Africa more fully into the community of trading nations since the administration believes that trade is the best tool that they have to alleviate poverty and spur economic development, and AGOA is a key element in America's effort (AGOA.gov). [...]
[...] Such proclamation was the result of a public comment period and extensive interagency deliberations of each country's performance against the eligibility criteria established in the Act (AGOA. gov). According to AGOA archives, the following sub0Saharan states were incorporated into the AGOA: On January Swaziland was designated as the 35th AGOA eligible country and on May Côte d'Ivoire was designated as the 36th AGOA eligible country. On January The Gambia and the Democratic Republic of Congo were designated as the 37th and 38th AGOA eligible countries. [...]
[...] Purpose According to the Office of the United States Trade Representative, the Act provides unprecedented opportunities and aims to promote increased trade and investment between the United States and sub-Saharan African countries by providing eligible African countries with unprecedented liberal access to U.S. market. The office said essentially, all products of these eligible countries will have quota free/duty free access to almost 10 trillion dollar United States market (Office of the United States Trade Representative). It is to the view of this office that AGOA also promotes economic development and reform in sub-Saharan Africa, moving across a wide range of industries, granting tangible benefits to entrepreneurs, farmers and families (Office of the United States Trade Representative). [...]
[...] Effective January however, the President removed the Central African Republic and Eritrea from the list of eligible countries. On December the President designated Burkina Faso as AGOA eligible. Effective January the President removed Côte d'Ivoire from the list of eligible countries. Effective January the President designated Burundi as AGOA eligible and removed Mauritania from the list of eligible countries. Effective December the President designated Liberia as AGOA eligible. Effective June the President again designated Mauritania as AGOA eligible. The U.S. [...]
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