Madagascar’s re-admission to AGOA will bring boo - sportstextiles: Lea SportsTextiles

News

Madagascar’s re-admission to AGOA will bring boost for textiles

07/07/2014
Madagascar is to be reintegrated into AGOA (Africa Growth and Opportunity Act), a programme set up by the US in 2000 to assist the economies of sub-Saharan Africa. It will rejoin AGOA in January 2015. Removed in 2009 on grounds of political unrest, the island nation is being re-admitted into AGOA under the recently-elected President Rajaonarimampianina.

Before exclusion from AGOA, Madagascar exported more than $200 million per annum of textiles to the US. As a consequence of its removal from the programme, around 100 export businesses were closed, many of them exporting textiles, and approximately 100,000 employees were left out of work. Re-admission means the bringing in of 100,000 more workers to the Madagascan textile industry.


Related stories:

Madagascar gets first accredited textile laboratory 09/11/2017
AGOA concern impacts Kenya’s apparel exports to US 27/04/2017
AAFA to support development of East African manufacturing 23/02/2017
Nigeria spending $4 billion annually on textile, clothing imports 10/08/2016
Madagascar to welcome Origin Africa trade fair 15/06/2016
President urges purchase of Uganda-made products 02/06/2016
Ghana’s apparel exports hit $9 million under AGOA 01/06/2016
Kenya manufacturing association signs deal with investment hub 04/05/2016

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.