Ruto says proposed AGOA extension critical for trade stability

If passed, the extension would allow ongoing negotiations to continue without risking the gains made over AGOA’s two-decade history, while offering space to redesign the agreement for a rapidly changing global trade environment. - Kenya breaking news | Kenya news today | Capita..

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President William Ruto has endorsed a U.S. proposal to extend the African Growth and Opportunity Act (AGOA) for an additional year, viewing it as crucial for maintaining trade stability and allowing for future pact enhancements. This extension would prevent a lapse in preferential trade while negotiations for a long-term framework proceed.

Kenya is a top African beneficiary of AGOA, with billions of shillings in annual export earnings tied to the U.S. market.
The proposal is currently awaiting approval from the U.S. Congress.
Ruto met with United States Trade Representative Ambassador Jamieson Greer in Washington, D.C., to discuss the extension and a potential bilateral trade arrangement deepening the partnership between the two nations.