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AGOA Madagascar: Return of local textile products on the United States market in late 2014

Madagascar is once again eligible for AGOA * since late June with the exemption of customs duties for products of the Malagasy textile industry to the United States.
Thus, the US Agency for International Development has recently communicated on the economic potential sector in Madagascar.
The export of Malagasy textile products will be effective at the end of 2014 after the green light from the US Senate.
About 200,000 jobs will be created in the Island and export activity within the AGOA is expected to generate over five years about one million dollars, as reported by the Midi Madagasikara newspaper.
* African Growth and Opportunity Act.

Umee Ruhomally

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