Home » World » Kenya: Kinyanjui Endorses US AGOA Extension

Kenya: Kinyanjui Endorses US AGOA Extension

by Ahmed Hassan - World News Editor

## African Growth ‍adn Chance Act (AGOA) Extension

The ⁢U.S. House of Representatives ‍passed a bill on January 9, 2024, extending the african Growth and Opportunity Act (AGOA) for three⁣ years, ‌a move welcomed‌ by Kenyan officials. House roll Call Vote 23 shows the bill passed with a ​vote of 340-54. The bill was then sent to ‍the Senate for consideration. As ‍of January 14, 2024, the senate ⁣has ⁣not yet voted on the bill. Reuters reports ​that the Senate’s timeline for consideration is⁤ uncertain.

### Kenya‘s​ Reliance on⁤ AGOA

Kenya is a significant beneficiary of AGOA, with the‍ programme supporting⁣ ample ​employment in key sectors. According⁤ to The United States Trade and Advancement‌ Agency,AGOA has facilitated​ Kenya’s export growth,especially in apparel and textiles. Investment, Trade and⁤ Industry Cabinet Secretary Lee Kinyanjui ‍stated the extension ⁣protects over‌ 80,000 jobs in apparel and textile firms and ⁢indirectly ⁤supports approximately 250,000 more, primarily within Export processing Zones (epzs). The East⁣ African further details the importance of AGOA to⁢ Kenya’s export-oriented industries.###⁤ What is ⁤the⁢ African Growth and Opportunity Act (AGOA)?

AGOA is a United States trade act, enacted in 2000,⁢ that provides duty-free access to the U.S. market for eligible‌ sub-Saharan African countries. The Office of⁤ the United States Trade Representative (USTR) explains ​that ​AGOA aims⁢ to promote economic ‌growth,trade,and⁢ investment in‍ Africa. The ‌act covers a wide range of products, fostering diversification and supporting employment across ⁢the continent.### Kenya’s Pursuit of⁣ a ⁣Bilateral Trade ⁣Agreement

Kenya is actively‌ seeking a bilateral trade agreement ⁣with the ⁢United States ⁢to broaden market access and diversify‌ its exports beyond ⁣textiles. The U.S. Department of⁤ State confirms ongoing discussions ⁣regarding a potential bilateral trade agreement.This initiative aims​ to ⁢secure more stable and⁤ comprehensive trade relations, reducing reliance solely‍ on ⁣AGOA’s periodic⁤ renewals. Negotiations began in july 2022,but have stalled over issues related to agriculture,intellectual⁣ property rights,and labor standards. Voice of America reported on the‍ stalled negotiations in November 2023.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.