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Article: AGOA - the nuts and bolts. (Mauritius Forum).
- Article from:
- African Business
- Article date:
- January 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What is AGOA and how does it benefit African economies? What will the Mauritius Forum achieve? Milan Vesely discusses these and other questions.
Former US President Bill Clinton signed the African Growth and Opportunity Act (AGOA) into law on May 18, 2000 as Title 1 of the US Trade and Development Act of 2000. AGOA offered tangible incentives for African countries willing to open their economies and build free markets, providing 36 countries in sub-Saharan Africa tariff-free and quota-free access to US markets for some 6,000 products.
AGOA also offered African businesses greater access to US technology, expertise, credit and markets. Other clauses ...