2013 Congressional Budget Justification
USADF contributes to the goals of the African Growth and Opportunity Act by providing grants and technical assistance to small buisnesses and producer groups seeking to access international export markets.
What is AGOA?
The African Growth and Opportunity Act (AGOA) was signed into law on May 18, 2000 as Title 1 of The Trade and Development Act of 2000. The Act offers tangible incentives for African countries to continue their efforts to open their economies and build free markets. This year's AGOA Forum took place in Washington, DC.
AGOA opens the door for Africa producers to access U.S. and foreign export markets. USADF grants provide direct support to local community producer groups and small enterprises to gain the capabilities needed to take advantage of these export oppurtunities. USADF grants provide capital resources for groups to add new management and production capacity needed to compete in a global market.
ADF currently operates in more than 20 African countries and has 420 active investments valued at $63 million.The active projects in FY 2012 produce a diverse range of export products and services; African clothing and fabrics; coffee, tea and citronella tea; fish and other seafood; fresh and dried fruits and vegetables; spices and natural flavorings; sugar; legumes, nuts, and seeds; edible oil; grains and processed African ethnic foods; hardwood furniture; hand-crafted home décor items; cattle hides and ostrich skins; paints and coatings; and eco-tourism.