The "AGOA Renewal and Improvement Act of 2024" is a proposed law that aims to extend the African Growth and Opportunity Act and includes several measures such as improving supply chains in Africa, revising eligibility criteria for African countries, and ensuring imported goods are made without forced labor. It also contains provisions for various reports on the act's implementation and potential trade agreements.

The section extends the expiration dates of certain provisions in the African Growth and Opportunity Act and the Trade Act of 1974 from September 30, 2025, to September 30, 2041. This includes extensions for regional apparel and third-country fabric programs, allowing specific trade benefits for African countries to continue for an additional 16 years.

The text outlines changes to the Trade Act of 1974, requiring the President to monitor and report on African countries' eligibility for certain trade benefits every two years, with provisions for extra reviews if necessary. It also specifies what should happen if a country isn't meeting the requirements, such as potential termination of benefits, and details the notification and reporting process to Congress, including possible consequences and considerations.

The section of the bill proposes amendments to the Trade Act of 1974 and the African Growth and Opportunity Act to replace the term "former beneficiary sub-Saharan African countries" with "eligible AfCFTA countries," allowing the President to designate countries that have signed the African Continental Free Trade Agreement and meet certain eligibility criteria as beneficiary countries for trade benefits.

The section modifies the Trade Act to require that if a sub-Saharan African country is labeled as a "high income" country for five years, the U.S. President must stop the country's special trade benefits, unless the President wants more time to negotiate a trade deal. The President can choose to extend the benefits for up to five more years in such cases.

The bill changes the eligibility requirements of the African Growth and Opportunity Act, making it mandatory for countries to meet certain criteria like eliminating corruption and not violating human rights. Additionally, it specifies that countries must not support terrorism or have government leaders who were removed by a coup to qualify for assistance.

The bill requires the Secretary of Commerce to submit a report to certain congressional committees within 90 days of enacting the AGOA Renewal and Improvement Act of 2024. This report must confirm that countries receiving trade benefits under the law are not exporting textiles and apparel to the U.S. in violation of forced labor laws, such as the Tariff Act of 1930 and the Uyghur Forced Labor Prevention Act.

The section introduces a requirement for sub-Saharan African countries to regularly develop strategies every two years to fully use the benefits of the African Growth and Opportunity Act (AGOA). The United States aims to support these countries with resources, trade assistance, and funding to improve their trade capabilities, ensuring they publish their strategies online for public access.

Congress suggests that sub-Saharan African countries create strategies every two years to better use trade benefits from the AGOA Act and the Trade Act of 1974, with help from U.S. agencies. These strategies should identify trade opportunities and obstacles, promote small businesses, and encourage regional trade integration. Eligible countries that publish their strategies online can receive U.S. support, such as funding for trade infrastructure and export promotion. Congress has authorized $10 million for these efforts in 2025.

The section amends the African Growth and Opportunity Act to require the President and the U.S. Trade Representative to submit reports to Congress about trade with sub-Saharan African countries, including the status of trade relationships, regional integration, and potential free trade agreements. The President's report is due every two years, while the Trade Representative's report is due every four years, with these requirements ending after September 30, 2041.

The section requires the President to submit a report to Congress by December 31, 2024, and every two years after that, detailing the trade relationship between the United States and sub-Saharan Africa. It also requires a separate report every four years from the United States Trade Representative on potential free trade agreements with sub-Saharan African countries. The reporting requirements end on September 30, 2041.

The United States International Trade Commission is required to submit a report to certain Congressional committees within a year, evaluating options to expand the articles eligible for duty-free treatment under the African Growth and Opportunity Act. The report will include public input and examine the potential economic effects on both the United States and exporting countries.

The section updates the African Growth and Opportunity Act by requiring an annual meeting to be held in the U.S. or Sub-Saharan Africa before September 30 each year, renaming references from "USIS" to the "Department of Commerce," and removing subsection (e).

The section updates laws in the African Growth and Opportunity Act by removing outdated requirements for textile visas, adjusting related subsections, and changing production verification procedures to ensure compliance with the Act in sub-Saharan African countries.

The section provides technical corrections to the African Growth and Opportunity Act by updating the names of specific African countries to their current full titles and changing references from "The Customs Service" to "U.S. Customs and Border Protection" in various subsections, ensuring the language reflects their current official names and titles.