Pressure to Renew African Growth and Opportunity Act Is Growing
The African Growth and Opportunity Act, or AOGA, doesn’t expire until Sept. 30, but there’s mounting pressure to extend it immediately since every passing day without renewal brings more ambiguity to companies’ ability to plan ahead.
“If it gets passed at the last minute, it causes all kinds of disruptions and uncertainties for buyers and sellers. And so, just the uncertainty alone is damaging,” said Jennifer Cooke, director of the Center for Strategic and International Studies’ Africa, in an interview with AFKInsider.
The business community wants AGOA renewed sooner rather than later, said Scott Eisner, vice president for African Affairs at the U.S. Chamber of Commerce. “We think there’s a strong appetite on the Hill for the same thing,” he told AFKInsider…