Biden Asks Congress to Modernize and Reauthorize AGOA Promptly
President Joe Biden issued a statement asking Congress "to reauthorize AGOA in a timely fashion and to modernize this important Act for the economic opportunities of the coming decade."
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Some advocates say they are concerned that modernizing the African Growth and Opportunity Act will prevent a timely reauthorization (see 2310270046 and 2310300051).
"AGOA is facilitating private-sector led economic growth across sub-Saharan Africa by increasing the competitiveness of African products, diversifying African exports, and enabling the creation of tens of thousands of new, quality jobs in Africa. The benefits are felt on both sides of the Atlantic: AGOA fosters a more competitive environment for U.S. businesses operating in sub-Saharan Africa," Biden said.