African Growth and Opportunity Act (AGOA)

The African Growth and Opportunity Act (AGOA) is a U.S. law enacted in 2000 that allows eligible Sub-Saharan African countries to export goods to the United States duty-free, meaning they don't have to pay import taxes. AGOA aims to boost trade and economic growth in Africa by enhancing market access for these countries. It encourages sustainable development, job creation, and investment by providing opportunities for African businesses. To qualify, countries must meet certain criteria related to human rights, labor standards, and governance.