Africa, the United States, and the African Growth and Opportunity Act

In fact, a forecast by The Economist and IMF for 2011-2015 for African countries shows them pulling ahead of Asian countries in terms of growth in Gross Domestic Product (GDP).

One reason for this optimism is The African Growth and Opportunity Act (AGOA), which was initially signed in 2000, and renewed by the United States (U.S.) Congress 2 months ago for a ten-year term. It offers, on the surface at least, tremendous opportunities to African nations for trade expansion with the U.S.