The act gives sub-Saharan African nations duty-free access to the United States if they meet criteria including removing barriers to U.S. trade and progress towards political pluralism.
Exports to the United States account for three quarters of the firm's annual turnover of over $200,000. If Ethiopia is suspended, Sammy said his company will close. Conlumino, a retail research agency and consulting firm, noted, however, that Ethiopia's textile exports to the United States were still minuscule compared to the likes of China, Bangladesh and India.
An H&M spokesperson said the company was following developments regarding AGOA carefully, but it was too early to comment. In December, H&M said its long-term manufacturing and sourcing strategy involves Ethiopia and it did not plan to change. But its Ethiopia production is comparatively small.
US shouldn't be part of the barbaric genocidal acts, the Ethiopian govt is commuting, and must RemoveEthiopiaFromAGOA immediately. The ETH govt continues bombarding cities in Tigray and the IC is idly watching. NoFlyZoneInTigray POTUS USTreasury