Saturday, September 19, 2026

AGOA expiry impact on African export diversification

Unless the African Growth and Opportunity Act (AGOA) is renewed, African exporters of agricultural products and light manufactures could face shrinking market access to the United States, undermining prospects for diversification.
Since its launch in May 2000, AGOA has supported sub-Saharan African exports to the US through preferential access. However, the recent expiry of the scheme would threaten export diversification and industrialization across the continentIn a country like Lesotho, for instance, approximately one third of exports are tied to AGOA, predominantly in the apparel sector, which employs between 30,000 and 40,000 workers, primarily women. African and non-African exporters are already facing increased trade barriers in the US market.  Country- and sector-specific tariffs that have been introduced by the US since April 2025 have increased tariffs for the average AGOA country from below 0.5% to 10%. For key exports, such as agriculture and food products, metals, machinery and transportation, textiles and apparel, they have already triggered a double-digit increase in duties.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

US Lifts Ethiopia-Related National Emergency Sanctions Framework After Five Years

The United States has allowed the national emergency framework...

VACANCY ANNOUNCEMENT

Toptable Trading PLC invites qualified, dynamic, and highly motivated...

Ethiopian cargo partners with CargoAi to launch real-time digital booking

Ethiopian Cargo and Logistics Services has announced a strategic...

Ethiopia’s National Emergency Medical Team Earns Historic WHO Classification

The World Health Organization (WHO) has successfully verified the...

Ethiopian Airlines dominates as Africa’s largest carrier with 2.1 million seats in September 2026

Total scheduled airline capacity across Africa reached 25.8 million...

Ethiopia, Kenya finalize preparations to scale up cross-border power trade by December 2026

Ethiopia is finalizing preparations to double its electricity supply...

Ethiopia records 824% remittance growth over the decade, accounting for 5% of national GDP

Ethiopia has rapidly ascended to become Africa’s fourth-largest remittance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img