Create a new account

It's simple, and free.

Trade Development Act of 1999

On May 18, 2000, the Trade Development Act of 1999 was signed by President Clinton, having made its way through the House of Representatives and the Senate. Initially known as the ôAfrican Growth and ôOpportunity Act (H.R. 434), the bill had been approved by the House with amendments on July 15 of 1999. In the Senate, a comparable bill, S. 1387 (known as the ôAfrican Growth and Opportunity Act), had been approved by the Finance Committee as an amended package of trade bills. The SenateÆs version of H.R. 434 differed substantially from that which existed in the House, as the amended bill included trade benefits for the Caribbean Basin, reauthorization of the Generalized System of Preferences program, and several other trade-related provisions. This complicated process experienced several twists and turns, luring many prominent players in American politics into the fray as the whole of the American government struggled to assess AfricaÆs economic path in the modern global context (Dagne, 2000).

Positioned at the heart of the debate are the United States and Africa, the former seeking to cultivate a mutually prosperous relationship with the latter, and the latter wary of the true intentions behind and possible repercussions of the legislation being considered by the former. Opponents to the African Growth and Opportunity Act have emerged, voicing concerns on both halves of the planet. Those on the North American side of the debate have posited that such a bill will open the U.S. market without providing reciprocal benefits to U.S. workers. Opponents on the African side fear that the bill, dubbed in some circles the ôAfrican re-colonization Actö, will actually jeopardize the interests of the majority of Africans. In order to fully understand the nature of the debate, it is prudent to consider the mid-90s, when the United StatesÆ interest in African trade began to pique (Dagne, 2000).

In 1994, congressional concerns...

Page 1 of 9 Next >

More on Trade Development Act of 1999...

Loading...
APA     MLA     Chicago
Trade Development Act of 1999. (1969, December 31). In LotsofEssays.com. Retrieved 11:36, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1700669.html