Political Quotes

“in closing, I again thank Chairman Smith and Ranking Member Neal, as well as Chairman Smith and Ranking Member Sanchez of the Subcommittee on Trade for working so hard to make sure that we reauthorize AGOA. Last year alone, AGOA imports totaled $8 billion. Moreover, since 2002, AGOA has spurred more than $500 billion in exports to the United States. However, this year, the impact of the reciprocal tariffs, coupled with the expiration of AGOA on September 30, threaten to erode 25 years of economic cooperation. If we fail to act, we will likely see weakening supply chains and increased poverty across the continent. Moreover, many industries could shift investments away from Africa and toward Asia. Sub-Saharan African exports to China have overtaken exports to the United States. We should not allow this trend to continue. AGOA remains a centerpiece of United States trade in that region, and turning our backs on Africa at this critical time would be disastrous. Africa is diversifying their economy. It is expanding past textiles and agriculture. The service sector is growing rapidly, and women are beginning to get opportunities to enter the formal workforce. During my visits to several African countries over the years, and most recently with Chairman Smith, I witnessed personally the benefit of AGOA, and I witnessed the entrepreneurial spirit of the people. As internet access becomes broadly available, rapid economic growth and opportunity will follow.”