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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Each year, the President evaluates the sub-Saharan African countries and determines which countries should remain eligible. This special rule zgoa deemed as critical because most SSA countries still have no capacity in producing capital and technology intensive textile products. Skip to main content. Successful elections in late led to the formation of Madagascar’s first democratic government since the coup. Some analysts predict that Lesotho may be designated as eligible for the apparel provision later this month.
June Press Office Week Ahead: Swaziland and The Madagascaf eligibility status was restored December 22, In particular, Swaziland failed to make continual progress in protecting freedom of association and the right to organize. AGOA has resulted in limited successes in some countries.
Bush and William J. The legislation was reviewed again inmadagawcar was renewed. Department of Commercemanages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U. Madagascar were evidenced by the sharp decline in its apparel exports to the U. It is also subject to the regional fabric tariff preference level of , m2 equivalent.
Swaziland began benefiting from the program inwhen the Swazi government voluntarily accepted the AGOA eligibility criteria, which include respect for the rule of law, poverty reduction, combating corruption, respect for worker rights and human rights, child labor protections and market openness.
Trade Representative Michael Froman. Bilateral Investment Treaties Other Initiatives.
Sources indicate that Lesotho, Malawi, Ethiopia and Botswana are likely to be the next countries granted designation. As a result, apparel made in Madagascar from any third-party madatascar, such as fabric made in Hong Kong, will be eligible for the duty-free access to the US market. This long lead time on orders makes long-term AGOA renewal particularly important to the apparel industry.
Government will work with eligible ccountries to sustain their efforts to institute policy reforms, and with the remaining nine Sub-Saharan African countries to help them achieve eligibility. Please help improve this article by adding citations madagascaf reliable sources. Trade Representative Michael Froman. In comparison, the regular AGOA rules of origin more restrictively require that apparel qualify for duty-free treatment must meet one of the following conditions: Fill in your details madagascaf or click an icon to log in: Notify me of new posts via email.
October 2, Restored December 23, However, the dismantling of the Multi Fibre Agreement ‘s world quota regime for textile and apparel trade in January reversed some of the gains made in the African textile industry due to increased competition from developing nations outside of Africa, particularly China. The decision to reinstate Madagascar’s AGOA eligibility recognizes the nation’s return madagascae democratic rule, as well as President Rajaonarimampianina’s commitment to promote transparency, combat corruption and begin rebuilding Madagascar’s economy.
Congress in May See What Everyone is Watching. Introduced in the House as H.
June 30 – July 4 Statement by Deputy U. This page was last edited on 12 Aprilat Guinea Bissau’s eligibility restored December 23, 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 These criteria have been embraced overwhelmingly by the vast majority of African nations, which are striving to achieve the objectives although none is expected to have fully implemented the entire list.
Strategic Partnerships of the African Union. Hand-loomed, handmade or folkloric articles. Last but not the least, the USITC report suggests that Kenya, Madagascar, and Ethiopia may have the most potential for apparel export growth in the future.