§ 3701. — Findings.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 19USC3701]
TITLE 19--CUSTOMS DUTIES
CHAPTER 23--EXTENSION OF CERTAIN TRADE BENEFITS TO SUB-SAHARAN AFRICA
SUBCHAPTER I--TRADE POLICY FOR SUB-SAHARAN AFRICA
Sec. 3701. Findings
Congress finds that--
(1) it is in the mutual interest of the United States and the
countries of sub-Saharan Africa to promote stable and sustainable
economic growth and development in sub-Saharan Africa;
(2) the 48 countries of sub-Saharan Africa form a region richly
endowed with both natural and human resources;
(3) sub-Saharan Africa represents a region of enormous economic
potential and of enduring political significance to the United
States;
(4) the region has experienced the strengthening of democracy as
countries in sub-Saharan Africa have taken steps to encourage
broader participation in the political process;
(5) certain countries in sub-Saharan Africa have increased their
economic growth rates, taken significant steps towards liberalizing
their economies, and made progress toward regional economic
integration that can have positive benefits for the region;
(6) despite those gains, the per capita income in sub-Saharan
Africa averages approximately $500 annually;
(7) trade and investment, as the American experience has shown,
can represent powerful tools both for economic development and for
encouraging broader participation in a political process in which
political freedom can flourish;
(8) increased trade and investment flows have the greatest
impact in an economic environment in which trading partners
eliminate barriers to trade and capital flows and encourage the
development of a vibrant private sector that offers individual
African citizens the freedom to expand their economic opportunities
and provide for their families;
(9) offering the countries of sub-Saharan Africa enhanced trade
preferences will encourage both higher levels of trade and direct
investment in support of the positive economic and political
developments under way throughout the region; and
(10) encouraging the reciprocal reduction of trade and
investment barriers in Africa will enhance the benefits of trade and
investment for the region as well as enhance commercial and
political ties between the United States and sub-Saharan Africa.
(Pub. L. 106-200, title I, Sec. 102, May 18, 2000, 114 Stat. 252.)
Short Title
Pub. L. 106-200, Sec. 1(a), May 18, 2000, 114 Stat. 251, provided
that: ``This Act [see Tables for classification] may be cited as the
`Trade and Development Act of 2000'.''
Pub. L. 106-200, title I, Sec. 101, May 18, 2000, 114 Stat. 252,
provided that: ``This title [enacting this chapter and sections 2466a
and 2466b of this title and amending section 2463 of this title and
sections 2193 and 2293 of Title 22, Foreign Relations and Intercourse]
may be cited as the `African Growth and Opportunity Act'.''
