The agreement, introduced in 2000, came to an end on Tuesday. Its potential reactivation remains uncertain.
Breakdown
- The African Growth and Opportunity Act (AGOA) has officially expired after 25 years.
- AGOA provided duty-free access for thousands of African products to US markets. 10s
- Kenya's textile and apparel exports to the US grew from $50 million to $500 million under AGOA. 30s
- Kenyan President William Ruto sought a five-year extension of AGOA at the UN General Assembly. 59s
- Experts warn that the end of AGOA and new US tariffs could harm several African economies. 1m 54s