On the recordJuly 30, 2014
Next week, between August 4 and August 6, the United States will welcome leaders from across the African Continent to Washington, DC. I first wish to acknowledge the work of our colleague Senator Coons, the chairman of the Subcommittee on African Affairs, Foreign Relations Committee, for the work he has done on behalf of the Senate to make this opportunity a real chance to strengthen the economic ties, to strengthen the strategic ties between the countries of Africa and the United States. We expect there will be robust discussions that will be encouraging economic growth, unlocking opportunities, and fostering greater ties between our country and Africa. One of the areas that I hope will get some debate and discussion during next week's meetings will be a key government trade initiative that makes these ties possible; that is, the African Growth and Opportunity Act, AGOA. AGOA provides qualifying sub-Saharan countries duty-free access to the U.S. market for a wide variety of products. It was first signed into law in 2000 by President Clinton and has been strengthened and extended by Congress and both President Bush and President Obama. AGOA enjoyed broad bipartisan support throughout the years because its advocates recognize the crucial role Africa plays in the global economy. The African Continent is one of the world's fastest growing regions. For instance, by 2035, it is estimated that Africa will have a larger working-age population than China.…





