Question

What is the U.S. African Growth and Opportunities Act of 2000?

1) A law passed by the United States government to promote trade and investment between the U.S. and African countries
2) An agreement between the U.S. and African countries to provide economic assistance and support
3) A policy implemented by the U.S. government to increase access to U.S. markets for African goods
4) A program established by the U.S. government to encourage African countries to adopt democratic reforms

Answer 1

The U.S. African Growth and Opportunities Act of 2000 (AGOA) is a law passed by the United States government to promote trade and investment between the U.S. and African countries. It provides preferential access to the U.S. market for eligible African countries, aiming to stimulate economic growth and development in Africa. AGOA also encourages African countries to implement economic and democratic reforms.

Step-by-step explanation:

The U.S. African Growth and Opportunities Act of 2000 (AGOA) is a law passed by the United States government to promote trade and investment between the U.S. and African countries. It aims to stimulate economic growth and development in Africa by providing preferential access to the U.S. market for certain products from eligible African countries. AGOA facilitates increased trade and investment opportunities, supports job creation, and encourages African countries to implement economic and democratic reforms.