AGOA Provides Tariff-Free Access to the U.S. Market
The African Growth and Opportunity Act, or AGOA, has been the cornerstone of U.S. economic engagement with the countries of sub-Saharan Africa since 2000. The U.S. Congress passed AGOA with several goals in mind: expand U.S. trade and investment with sub-Saharan Africa, stimulate economic growth, encourage economic integration, and facilitate sub-Saharan Africa’s integration into the global economy. AGOA provides tariff-free access to the U.S. market for 6,500 products, including crude oil, transportation equipment, textiles and apparel, handicrafts, agricultural products, minerals and metals, and chemicals.
AGOA Can Facilitate Economic Diversification
Chad was the fourth largest supplier of AGOA imports to the United States in 2017, primarily exporting oil. AGOA can facilitate the diversification of Chad’s economy beyond oil. The Embassy of the United States of America in Chad encourages Chadian exporters, and particularly farmers, tanners, artisans, and miners to avail themselves of the benefits of AGOA’s preferential market access.
AGOA and Beyond: Strengthening Bilateral Economic Relations
The Embassy of the United States of America in Chad seeks a deeper economic partnership with Chad beyond AGOA. AGOA’s mandate is currently set to expire in 2025, and the operationalization of the African Continental Free Trade Area creates new opportunities for bilateral trade. The Embassy is focused on increasing two-way trade. The United States is both an attractive market for Chadian goods and a reliable source of high-quality products and services for Chadian consumers.