Agoa to kick-start African FDI.

Position:Business briefs - United States African Growth and Opportunity Act - Brief Article

A mendments to the US African Growth and Opportunity Act (Agoa) could boost African textile and clothing duty free exports into American markets from 3% to 7% by 2009. African duty free apparel exports are currently limited to 1.5% with a growth ceiling of 3.5%. The amendments now before the US Congress will double African export potential.

The move is sure to encourage more investment in the African textile industry by foreign manufacturers keen to take advantage of the incentives which will add about 30% to...

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