US Congress moves to revive Agoa, but SA’s continued participation is in doubt (Daily Maverick)
The US Congress is moving to revive the African Growth and Opportunity Act (Agoa), which expired on 30 September this year – but it is uncertain whether South Africa will be included.
On Wednesday the powerful House Ways and Means Committee passed the Agoa Extension Act, a bill introduced by its chairperson, Jason Smith, to extend Agoa for three years, until 31 December 2028. The committee voted 37-3 for the bill, showing strong bipartisan support. It will next be considered by the full house. It would reinstate Agoa retroactively to 30 September, also reimbursing importers for duties they have paid in the interval.