The US is seeking to extend the Africa Growth and Opportunities Act for another 20 years from 2025. US Senator John Kennedy introduced the AGOA extension bill S.2952 early this month, read on the floor twice, and referred to the Senate’s Finance Committee. The US sees an extension of the initiative as key to continuing the contribution to Africa’s growth, development, democracy, and reduction in poverty through trade and to counter the increasing influence of China on the continent. AGOA was first introduced in 2000 during the presidency of the 42nd President Bill Clinton and extended for another 10 years in 2015. However, there have been significant shifts on the continent since 2000. China’s development initiatives on the continent, especially through the Belt and Road initiative have been remarkable. Africa has also established the Africa Continental Free Trade Area (AfCFTA). The process is expected to be concluded before year-end.
