DRC loses AGOA beneficiary status

US President Barak Obama issued a Presidential Proclamation, which inter alia removes the Democratic Republic of Congo from the list of countries that qualify for AGOA preferences. The president's proclamation terminates the designation of the DRC as a beneficiary sub-Saharan African country for purposes of section 506A of the 1974 Act, effective on January 1, 2011.

Source: AGOA


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