Administration of Joseph R. Biden, Jr., 2024

July 23, 2024

As stakeholders gather tomorrow for the African Growth and Opportunity Act forum in Washington, I call on Congress to quickly reauthorize and modernize this landmark act, which is set to expire in 2025.

For more than two decades, the bipartisan African Growth and Opportunity Act has formed the bedrock of America's economic partnership with African nations. In sub-Saharan Africa, it has increased the competitiveness of African products, led to the creation of tens of thousands of quality jobs, and helped advance human rights. Here at home, AGOA has created investment opportunities and new markets for American businesses. And, on both sides of the Atlantic, AGOA has promoted sustainable economic growth and resilient supply chains.

As I've said before, America is all in on Africa. This weekâand in the weeks to comeâlet's prove it. And together, let's ensure future generations of Americans and Africans can meet the challenges and seize the opportunities of the decades ahead.

Categories: Statements by the President : African Growth and Opportunity Act (AGOA) forum.

Subjects: Africa, economic growth and development; African Growth and Opportunity Act; Civil and human rights, U.S. promotion efforts; Department of State, African Growth and Opportunity Act (AGOA) forum; Economic improvement; Job creation and growth.

DCPD Number: DCPD202400637.