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AGOA Creating New Jobs and Investment in South Africa

AGOA Creating New Jobs and Investment in South Africa

Washington -- When U.S. Trade Representative (USTR) Robert Zoellick visits South Africa in the middle of February he will find a flurry of new jobs and investment, created in part by the African Growth and Opportunity Act (AGOA), a landmark U.S.-African economic partnership forged with 34 sub-Saharan nations.Meant to spur the flagging economies of reforming African nations through export-led growth, AGOA was passed by Congress with wide bipartisan support. Its favorable trade provisions, which generally allow duty-free access to U.S. markets...

12 February 2002
Swarp Still Awaiting AGOA Export Certificates

Swarp Still Awaiting AGOA Export Certificates

The export drive by Swarp Spinning Mills under the Africa Growth and Opportunity Act (Agoa) has been put on hold due to delays by Government to print export certificates.Administrative manager Chris Mtonga said in an interview in Ndola that the company would only commence exports of cotton yarn after the Government prints the certificates.Although Government had already issued the company with a visa stamp to confirm the origin of the products, export certificates had not been made available to Swarp Spinning."We cannot start exporting the...

07 February 2002
Africa a focus for US investment

Africa a focus for US investment

Africa Growth and Opportunities Act, an American legislation accessing trading opportunities between African states and the US is likely to be improved for more investment in the continent, it has merged here.During a one-day visit by the US Congressmen led by US-based Africa Sub-Committee Chairman, Edward Royce, hope flared that AGOA is likely to be improved to allow more access for African countries to increase more access to the US markets in a more flexible manner.Royce said last week his delegation's visit is to get input from Africa...

23 January 2002
Textile sector makes risky stretch to fill AGOA orders

Textile sector makes risky stretch to fill AGOA orders

Cape Town - The Western Cape textile industry is bursting at the seams in its efforts to take advantage of US export opportunities provided by the Africa Growth and Opportunity Act (Agoa) but that growth spurt needs to be carefully managed. The rapid growth in exports to the US had jerked the local textiles industry from the doldrums of dwindling local demand, with about half of production sent offshore, said Wendy Wilson, textiles and footwear senior manager for credit insurer Credit Guarantee "But now we have to manage this boost," she...

05 December 2001
Trade Ministry Holds Three-Day Seminar On AGOA

Trade Ministry Holds Three-Day Seminar On AGOA

But for the sake of social, economic and commercial development in post-war Sierra Leone, frantic efforts and strategies coupled with solid mechanisms are beginning to indicate the demise of the era of abject poverty and commercial backwardness.Owing to the fact that this trend of things are the very fabric for our present predicament, vital state institutions together with United Nations agencies among others have taken practical steps to turn the negative situation round.In a crystal and innovative determination to champion the cause of...

02 December 2001
Africa: Trade alks Should Harvest Africa Gains Soon

Africa: Trade alks Should Harvest Africa Gains Soon

The "Doha Development Round" of world trade negotiations needs to produce an "early harvesting" of the gains for Africa promised in talks so far, argue an eminent panel of international leaders set up to monitor the delivery of promises to Africa by economically developed countries. An excerpt from "Africa's Development: Promises and Prospects - Report of the Africa Progress Panel 2008."There is a critical need for a rethinking of trade policy in the context of the urgent need to boost agricultural production around the world. Biofuel...

02 December 2001
US seeks stronger economic ties with Nigeria

US seeks stronger economic ties with Nigeria

The United States (U.S) has initiated moves for stronger economic ties with Nigeria as the giant of Africa. President/ Chief Executive Officer, Nigeria-USA Export & Investment Group (NUEIG), Chief Funsho Abiri, who disclosed this, said that President Barrack Obama is encouraging partnership of Nigerian-U.S companies to take advantage of credit facilities needed to finance new projects in Nigeria. He disclosed that the meeting of Petroleum Minister Mrs. Diezani Allison-Madueke with investors in petrochemicals in the U.S was one of the...

02 December 2001
Namibia: Geingob to lead AGOA Forum delegation

Namibia: Geingob to lead AGOA Forum delegation

The Minister of Trade and Industry, Hon Dr Hage Geingob will lead the Namibian delegation to the 10th Africa Growth and Opportunity Act (AGOA) forum to be held in Washington, D.C from the 2nd to 6th August.The forum is an important platform for dialogue between the USA and sub-Sahara African (SSA) countries for the implementation of AGOA. AGOA will expire in 2014.According to a statement issued by the Permanent Secretary in the Ministry of Trade and Industry, Dr Malan Lindeque, the AGOA forum was signed into law in May 2000 with the aim to...

02 December 2001
Hillary Clinton: 'Chinese interests in Africa incompatible with our own'

Hillary Clinton: 'Chinese interests in Africa incompatible with our own'

While in a trip to Africa, the Secretary of State Hillary Clinton says that “The United States does not see these Chinese interests as inherently incompatible with our own”, Reuters reports.Hillary Clinton began a five-day trip in Africa by setting foot in Zambia first. The trip will also include Tanzania and Ethiopia and its purpose is to promote the political views and projects of the Obama administration for helping African countries improve their economic and health status.Referring to China’s latest investments in Africa – which...

02 December 2001
U.S. Department of State Announces Follow-on Training for the African Women Entrepreneurs Program

U.S. Department of State Announces Follow-on Training for the African Women Entrepreneurs Program

The U.S. Department of State and the Vital Voices Global Partnership will conduct follow-on training in Nairobi, Kenya for the 2012 African Women’s Entrepreneurship Program (AWEP) International Visitor Leadership Program (IVLP) alumnae, October 15-19, 2012.The workshop will focus on business strategic planning, the African Growth and Opportunity Act (AGOA), export processes and documentation, and how to build a competitive business. The training is funded by the ExxonMobil Foundation, as part of its ongoing commitment to support the...

02 December 2001
Trade between US and Africa growing

Trade between US and Africa growing

The senior United States government official with responsibility for African affairs has painted an optimistic picture of the continent's economic prospects, predicting a dramatic increase in overseas trade. Speaking at the US Africa Business Summit in Philadelphia, the Assistant-Secretary of State, Walter Kansteiner, said there was the potential for an explosion of exports to the United States. He said trade between the United States and sub-Saharan Africa had increased by 20% in the past nine months. He attributed the rise largely to the...

02 November 2001
Frame invests R80m to take advantage of Agoa

Frame invests R80m to take advantage of Agoa

Durban - Frame Textiles, the country's largest textile manufacturer, had invested R80 million in the past year to take advantage of the Africa Growth and Opportunities Act (Agoa), Walter Simeoni, the managing director, said yesterday. The group planned to invest a further R200 million over the next two years to improve productivity, cost effectiveness and capacity. "Although the textile industry cannot benefit directly from duty- and quota-free exports to the US, increased demand for made-up apparel from clothing manufacturers is expected to...

03 August 2001
AGOA presents an opportunity to be seized with both hands

AGOA presents an opportunity to be seized with both hands

The cynicism that greeted the passing of the African Growth and Opportunity Act (Agoa), which offers duty-free access to the US market for an additional 1 837 products from Africa, should now be laid to rest. Instead, the continent's exporters and producers of goods must take the opportunity with both hands, while trade unions should be advised that trade advantages and opportunities are enormous. We just have have to be mature about it. The signing of a R1 billion textile and garment deal between the Malaysian Ramatex Group and the Buffalo...

30 April 2001
AGOA advice for clothing exporters

AGOA advice for clothing exporters

Durban - South African companies had to become internationally competitive to capitalise on the eligibility granted for local apparel to enter the US under the Africa Growth and Opportunity Act (Agoa), Jack Kipling, the chairman of the Clothing Export Council, said this week.Duty- and quota-free entry gave South African companies an average 17 percent price advantage over Far Eastern suppliers. Exposure to global markets would speed up the drive to become more internationally competitive, he said.The order giving the stamp of approval for...

15 March 2001