Biden Administration Reiterates Commitment to AGOA Renewal at Private Sector Forum

Washington, DC – In a significant development, US Secretary of State Antony Blinken reaffirmed the Biden administration’s strong commitment to the African Growth and Opportunity Act (AGOA) renewal at the AGOA Private Sector Forum in Washington, DC. The event, held in partnership with the Corporate Council on Africa, the US Department of Commerce, and the US Institute of Peace, brought together senior leaders from the US and Africa to discuss ways to foster sustainable economic growth and deepen trade and investment relations between the two continents.

The forum saw the presence of notable dignitaries, including Amb. Katherine Tai, US Trade Representative, H.E. Albert Muchanga, Commissioner for Economic Development, Tourism, Trade and Mining, African Union, Hon. Parks Tau, Minister of Trade, Industry and Competition, Republic of South Africa, and Don Graves, Deputy Secretary of Commerce.

The AGOA Private Sector Forum underscored the importance of AGOA renewal in promoting economic growth and development in Africa. The program aims to provide duty-free access to the US market for goods from eligible African countries, promoting trade and investment between the two continents.

The event’s focus on fostering sustainable economic growth and deepening US-Africa trade and investment relations is a testament to the strong commitment of the Biden administration to the AGOA program. The renewal of AGOA is expected to have a significant impact on the economies of African countries, providing a boost to their growth and development.

For more information and photos from the forum, visit LinkedIn.