Friday, May 11, 2012

Brookings weighs in

A good article on AGOA and the 3rd party fabric provision by the Brookings Institution at:


“The emerging consensus from this forum is that future of U.S.-African relations are dependent on Congress extending the third country fabric provision of the African Growth and Opportunity Act (AGOA) within the next several weeks.”

“Already, African manufacturers have lost more than 35 percent of their orders from U.S. customers due to the uncertainty surrounding the extension of the provision, according to the Washington-based African Coalition on Trade which represents exporters in nine AGOA countries. Reportedly there is no opposition in the Senate or House to extending the provision.”

“Apparently, it is just the political paralysis that is affecting all aspects of U.S. lawmaking these days.”