Fortune News | May 23,2021
The US government has terminated Ethiopia’s involvement in the African Growth & Opportunity Act (AGOA), citing “gross violations of internationally recognised human rights.”
Signed into US law in 2000, AGOA permitted the duty-free entry of African produced goods. Ethiopia has been privileged to export close to 6,500 items to the US market, with an annual value of over half a billion dollars.
Ethiopia is one of three sub-Sahara African countries to lose the privilege, together with Mali and Guinea.
"I intend to terminate the designation of Ethiopia, Guinea, and Mali as beneficiary sub-Saharan African countries under the AGOA as of January 1, 2022," says a letter President Joe Biden wrote to Congress today. "I'll continue to assess whether the Governments of Ethiopia, Guinea, and Mali are making continual progress toward meeting the AGOA eligibility requirements."
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