Representatives at the AGOA Forum called for the extension of the validity period of the “Third Country Yarn Clause” as soon as possible
According to the Zambian Post, at the 11th African Growth and Opportunity Act (AGOA) Forum, which concluded on June 15, representatives from African countries discussed when the extension will expire in September this year. expressed concern about the validity period of the “Third Country Yarn Clause” and called on all relevant parties to take active actions to promote the extension of the clause to be implemented as soon as possible. At the same time, since AGOA will expire in 2015, whether the bill can be extended “seamlessly” is also one of the concerns of the meeting. Stephen Mwansa, Permanent Secretary of the Ministry of Commerce, Trade and Industry of Zambia, who attended the meeting, said that since AGOA is about to expire, all parties should evaluate whether the goals under the AGOA framework have been completed, such as promoting US-Africa trade and investment, diversifying African exports, and accelerating Africa’s integration into the world. Economy etc.
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