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The African Growth and Opportunity Act, or AGOA, was passed into law by the 200th Congress on May 18, 2000. In 2015, the bill was renewed up to the year 2025.
The primary purpose of the AGOA legislation is to establish a new trade and investment policy for sub-Saharan Africa, along with expanding trade benefits to the Caribbean Basin.
The bill greatly improves the access that sub-Saharan African countries have to the U.S. market. AGOA seeks to expand U.S. aid to regional integration efforts made by sub-Saharan Africa, strengthening and building upon the private sector in the area, particularly with small businesses and industries owned by women.
To qualify to receive the benefits of AGOA, these countries must follow a set of standards included in the legislation. The eligibility standards include improving its rule of law, following core labor standards and meeting human rights goals. In addition, an acting president has the authority to take away AGOA benefits from any country if it is deemed that a country is not continuing to meet the requirements for eligibility.
To qualify to receive the benefits of AGOA, these countries must follow a set of standards included in the legislation. The eligibility standards include improving its rule of law, following core labor standards and meeting human rights goals. In addition, an acting president has the authority to take away AGOA benefits from any country if it is deemed that a country is not continuing to meet the requirements for eligibility.