USTR - USTR Statement on Passage of AGOA Legislation
Office of the United States Trade Representative

 

USTR Statement on Passage of AGOA Legislation
06/25/2004

Statement of Robert B. Zoellick
U.S. Trade Representative

Regarding the Congressional passage of legislation extending the Africa Growth and Opportunity Act (AGOA) late Thursday:

“Late last night, the Senate unanimously approved legislation extending the African Growth and Opportunity Act (AGOA) -- an important trade preference program designed to help sub-Saharan Africa develop and grow economically.

“The House of Representatives passed identical legislation earlier this month.

“The AGOA Acceleration Act of 2004 fulfills President Bush’s promise to extend the benefits of AGOA for the people of Africa. It is the latest step in a continuing bipartisan effort to build and improve on the success of this extraordinary initiative.

“I want to thank the House and the Senate for their support for Africa and their approval of AGOA, particularly the strong leadership and commitment of Senate Majority Leader Bill Frist, Senate Minority Leader Tom Daschle, Senate Finance Committee Chairman Chuck Grassley, Senator Max Baucus, House Ways and Means Chairman Bill Thomas, and Congressman Charlie Rangel. I am very appreciative of their effort to secure approval of this legislation despite the many other demands on their time.

“Passed in 2000, AGOA forged a new trade partnership between the United States and sub- Saharan Africa -- granting duty-free access to the U.S. market for substantially all products of eligible countries and bringing new jobs and new investment to the region.

“AGOA has created new commercial opportunities for Africans. Last year alone, non-fuel exports to the United States from eligible countries were up by more than 30 percent over 2002.

“And a more prosperous Africa is also benefiting American companies, farmers and workers. Between 1999 and 2003, U.S. exports to the region have grown by 24 percent to $6.9 billion.

“President Bush has made AGOA a cornerstone of the Administration’s policy toward Africa and a key part of his effort to open markets and to promote economic growth and development in struggling areas of the world.

“I also want to thank the African Trade Ministers and the African Ambassadors in Washington -- who made trips to Washington to stress the importance of this measure and worked tirelessly on the ground to see it through – and the U.S. and African private sector, including the AGOA coalition of businesses, NGO’s faith based organization, which seized the opportunity of AGOA, invested in the Africa’s future and made this program a success.”

 
click here for printer friendly version
 




Help Link Site Map Link Contact Us Link
 
 Search Title Image
Document Library Link
   
 
More on Africa
item: Africa
item: Press Releases
item: Fact Sheets
item: Speeches
item: Op-Eds
item: Federal Register Notices
2004 Press Releases
item: December 2004
item: November 2004
item: October 2004
item: September 2004
item: August 2004
item: July 2004
item: June 2004
item: May 2004
item: April 2004
item: March 2004
item: February 2004
item: January 2004
item: Press Room