HR 1432 - African Growth bill - National Key Vote

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Title: African Growth bill

Vote Smart's Synopsis:

Vote to pass a bill that creates a new trade and investment policy for 48 Sub-Saharan African countries.

Highlights:

  • Bases eligibility for Sub-Saharan trade benefits on the country's progress toward creating a market-based economy, a country's human rights record, and the country's efforts to eliminate slavery, among other factors.
  • Establishes United States-Sub-Saharan Africa Free Trade Area.
  • Creates a United States-Sub-Saharan Africa Trade and Economic Cooperation Forum.
  • Encourages the Overseas Private Investment Corporation to initiate equity funds in Sub-Saharan African countries.
  • Allows the President to provide duty-free treatment for some products from eligible countries.
  • Eliminates existing quotas on textiles and apparel exports to the United States from Kenya and Mauritius.
  • Increases punishment for exporters that engage in illegal transshipment of goods.

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