OF AFRICA INVESTMENT INCENTIVE ACT OF 2006-- AGOA IV
Africa Investment Incentive Act of 2006 (signed by President
Bush on December 20, 2006) amends portions of the African
Growth and Opportunity Act (AGOA) and is referred to as "AGOA
IV". The legislation extends the third country fabric
provision for five years, from September 2007 until September
2012; adds an abundant supply provision; designates certain
denim articles as being in abundant supply; and allows lesser
developed beneficiary sub-Saharan African countries export
certain textile articles under AGOA.
Africa Investment Incentive Act of 2006 (AGOA IV) Summary:
textile and apparel provisions of the AGOA program until
the third country fabric provision until 2012 and increases
the cap to 3.5 percent beginning October 1, 2006.
for special rules for fabrics or yarns produced in commercial
quantities (or, "abundant supply") in any designated
sub-Saharan African country for use in qualifying apparel
articles. Upon receiving a petition, the International Trade
Commission will determine the quantity of such fabrics or
yarns that must be sourced from the region before applying
the third country fabric provision.
for 30 million square meter equivalents (SMEs) of denim
to be determined to be in abundant supply beginning October
duty-free treatment for textiles or textile articles originating
entirely in one or more lesser-developed beneficiary country.
for a process to remove designated fabrics or yarns that
were determined to be not available in commercial quantities
for use by lesser developed beneficiary sub-Saharan African
countries on the basis of fraud.