President Obama reinstated Madagascar’s AGOA eligibility in June , after nearly five years of AGOA suspension following the coup in. Soamiely Andriamananjara and Amadou Sy study the impact of the suspension of Madagascar’s African Growth and Opportunity Act (AGOA). Impediments to increased AGOA-export and intra-regional trade. .. The Malagasy economy has progressively resumed with growth after the crisis, although.
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Hand-loomed, handmade or folkloric articles. Issue 5, 12 March. Sorry, your blog cannot share posts by email. Clinton took the final lead in developing and implementing the African Growth and Opportunity Act AGOA following nearly a decade of leadership on the part of activists such as Paul Speck at Environmental and Energy Institute, and lawmakers, including Congressman Jim McDermott a former Foreign Service medical officer based in Zaire and Senator John Kerry, both senior lawmakers in the area of international trade.
The revisions made it easier to become eligible and focused on improving the future business environment in developing African countries.
Declared ineligible December 31, and reinstated December 15, Successful elections mafagascar late led to the formation of Madagascar’s first democratic government since the coup. The program offers tangible incentives to sub-Saharan African countries for undertaking difficult political and economic reforms that promote long-term growth and development. This site contains PDF documents. On 29 Junethe Obama Administration signed a new bill to extend the AGOA including the third country fabric provision for another ten years until 30 September Due to limited yarn and fabric production in SSA, the third-country fabric provision remained critical for SSA exports of apparel to receive duty-free entrance to the United States.
Reintegration of Madagascar to the AGOA announced by Barack Obama
June Press Office Week Ahead: Central Madagacsar Republic and Eritrea were reinstated December 15, This special rule is deemed as critical because most SSA countries still have no capacity in producing capital and technology intensive textile products. Declared ineligible inrestored December 22, Articles needing additional references from August All articles needing additional references All articles with specifically marked weasel-worded phrases Articles with specifically marked weasel-worded phrases from July All articles with unsourced statements Articles with unsourced statements from December Articles with unsourced statements from August Wikipedia articles with LCCN identifiers Wikipedia articles with VIAF identifiers Wikipedia articles with WorldCat-VIAF identifiers.
The decision to reinstate Madagascar’s AGOA eligibility recognizes the nation’s return to democratic rule, as well as President Rajaonarimampianina’s commitment to promote transparency, combat corruption and begin rebuilding Madagascar’s economy. Some analysts predict that Lesotho may be designated as eligible for the apparel provision later this month.
Supporting Madagascar to Benefit from African Growth and Opportunity Act (AGOA) Exports
The legislation was reviewed again inand was renewed. As a result, apparel made in Madagascar from any third-party fabric, such as fabric made in Hong Kong, will be eligible for the duty-free access to the US market. In addition to growth in the textile and apparel industry, some AGOA countries have begun to export new products to the United States, such as cut flowershorticultural products, automotive components and steel.
Democratic Republic of Sao Tome and Principe. In particular, Swaziland failed to make continual progress in protecting freedom of association and the right to organize. Unsourced material may be challenged and removed. AllAfrica publishes around reports a day from more than news organizations and over other institutions and individualsrepresenting a diversity of positions on every topic. Articles and commentaries that identify allAfrica. We are hopeful that Madagascar will take advantage of AGOA’s potential to create employment, expand bilateral trade and contribute to the economic well-being, security and health of its people,” said U.
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Declared ineligible on June 26,eligibility restored December 22, After an extensive review, including through a USTR-led interagency trip in April, the United States Government concluded that Swaziland had not demonstrated progress on the protection of internationally recognized mwdagascar rights. Notably, AGOA expanded market access for textile and apparel goods into the United States for eligible countries, though many other goods are also included.
To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. This page was last edited on 12 Aprilat The proclamation was the result of a public comment period and extensive interagency deliberations of each country’s performance against the eligibility criteria established in the Act.