BY: EVELYN M. SUAREZ AND SINGLETON B. MCALLISTER
Signed into law by President Clinton on May 18, 2000 and subsequently expanded, the African Growth and Opportunity Act (AGOA) is a unilateral system of trade preferences that allows thousands of types of goods produced in Sub-Saharan Africa to be imported duty-free to the United States.
AGOA is widely perceived to be a success, albeit a limited one. From 2001 to 2011, the aggregate amount of exports from Africa to the United States under AGOA increased from $8 billion to $54 billion; the number of countries participating grew from 34 to 40; and the number of countries exporting nonenergy products increased from 13 to 22. American officials describe AGOA as the “cornerstone” of U.S. trade policy with Africa.