African countries ineligible for U.S. AGOA trade in 2024
Trade relations between Africa and the United States have been evolving, bringing about new opportunities and challenges for both regions.
Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic policy and commercial engagement with Africa.
AGOA eliminates import duties on more than 6,000 products. Initially enacted to cover the period 2000 – 2008, the legislation has been extended several times since then. As it stands, the expiration date for AGOA is set for 2025.
Countries seeking eligibility under AGOA must either establish or make consistent progress toward a market-based economy, uphold the rule of law, promote political pluralism, and ensure the right to due process, while also implementing measures to reduce poverty, combat corruption, and safeguard human rights.
Presently, 32 countries are eligible for AGOA benefits in 2024. Below are the African countries ineligible for U.S. AGOA in 2024:
1.Burkina Faso
- Exit date: 1 January, 2023.
- U.S. exports – $66 million.
- U.S. imports – $6 million.
2.Burundi
- Exit date: 1 January, 2016.
- U.S. exports – $5 million.
- U.S. imports – $8 million.
3.Cameroon
- Exit date: 1 January, 2020.
- U.S. exports – $192 million.
- U.S. imports – $103 million.
4.Central African Republic
- Exit date: 1 January, 2024.
- U.S. exports – $192 million.
- U.S. imports – $103 million.
