AGOA Extension and Enhancement Act of 2024

The AGOA Extension and Enhancement Act of 2024 extends the African Growth and Opportunity Act (AGOA) through September 30, 2037, maintaining duty-free access for eligible sub-Saharan African countries to the U.S. market. It requires beneficiary countries to develop and publish biennial utilization strategies outlining how they will better leverage AGOA benefits, with the U.S. providing trade capacity building assistance for implementation. The bill establishes a biennial review process to assess countries' ongoing eligibility based on criteria including anti-corruption standards, human rights compliance, and terrorism cooperation. It also creates a mandatory graduation process for high-income countries that maintain high-income status for five consecutive years, with limited exceptions for potential free trade agreement negotiations. The legislation includes new reporting requirements for the U.S. government on AGOA implementation and potential trade agreements with sub-Saharan African nations.