Latest AGOA Delay Comes from a Surprising Source
This is a joint post with Jenny Ottenhoff.
Last month, one of us wrote that Congress seemed to have compromised and reached a bipartisan deal to extend the rule (known technically but awkwardly as the third-country fabric rule) that allows poor African countries to export clothing to the United States duty-free under the African Growth and Opportunity Act. We should have known better. This week, Senate Majority Leader Harry Reid (D-NV) was finally ready to bring a package of trade items, including the rule extension, to the floor for passage by unanimous consent when two senators put holds (subscription required) on it over completely unrelated issues – despite the fact that they actually support the extension.
This week, 10,000 representatives from around the world will head to Istanbul for the fourth decadal meeting of the UN conference on the Least Developed Countries (LDC-IV).
G-20 leaders gathering in Seoul this week face a full plate of issues, most prominently the effort to stave off beggar-thy-neighbors currency devaluations. This week on the Global Prosperity Wonkcast, we've distilled highlights from a private briefing I organized where five CGD experts shared their views on key issues facing the G-20, and their implications for poor people not represented at the table.
This week, I’m joined on the Global Prosperity Wonkcast by