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    • Opinion
    • Trade and development

    Opinion: Renewing the US African growth act is a strategic imperative

    The African Growth and Opportunity Act is key to boosting U.S.-Africa trade, countering global rivals, and fostering economic growth and stability on both continents.

    By Ed Royce, Daniel Runde // 30 August 2024

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    As the 118th United States Congress enters its final phase of work over the coming months, we urge House and Senate leaders to take up and pass a long-term renewal of the African Growth and Opportunity Act, with a focus on increasing the use of the program and on dramatically increasing two-way U.S.-Africa trade and investment flows.  

    Africa is a focal point in rising geopolitical competition, as China and Russia seek advantage on the continent through investments, trade, and military cooperation, while undermining democratic governments. In the face of this growing malign influence, it is imperative that the U.S. strengthen our relationships with partners on the continent to safeguard our foreign policy interests and promote our values of free market economics, democratic governance, and protection of civil liberties. Renewing the African Growth and Opportunity Act, or AGOA, is essential to this strategy.

    AGOA is a trade preference program that provides eligible sub-Saharan African countries with duty-free access to the U.S. market for certain products in exchange for adherence to eligibility criteria including respect for human rights, labor protections, rule of law, anti-corruption efforts, and removal of barriers to trade.

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    • Trade & Policy
    • Economic Development
    • Prosper Africa
    • U.S. International Development Finance Corporation (DFC)
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    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the authors

    • Ed Royce

      Ed Royce

      Ed Royce is a co-chair of the Consensus for Development Reform and policy director at the Brownstein Hyatt Farber Schreck law firm. He served as chair of the U.S. House Foreign Affairs Committee from 2013-2019.
    • Daniel Runde

      Daniel Runde

      Daniel Runde is a senior executive, board director, and global strategist recognized as an expert in foreign affairs, international finance, trade, and development. Currently, Runde is a senior adviser at BGR Group and a nonresident senior adviser at the Center for Strategic and International Studies.

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