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Zambia: Textile Industry Urged to Fully Exploit AGOA

Zambia: Textile Industry Urged to Fully Exploit AGOA

The African Growth Opportunity Act (AGOA) an initiative of the government of the United States of America (USA) has been in existence for two years now. The initiative was developed by the United States Congress in a bid to assist selected African countries like Zambia to develop their economies by providing export incentives to the USA.In the last two years a handful of African states have successfully exploited the AGOA and boosted their economies in varying degrees.Well organised economies however, such as Mauritius and South Africa have...

17 January 2003
Development of African Transportation Systems Crucial to AGOA Success

Development of African Transportation Systems Crucial to AGOA Success

Dept. of Transportation official McDermott addresses 2nd AGOA Forum in MauritiusFlic en Flac, Mauritius - African nations will never be able to take full advantage of the favorable export provisions extended them under the African Growth and Opportunity Act (AGOA) until they develop their transportation systems, a top U.S. transportation official told the second U.S.-Sub-Saharan Trade and Economic Cooperation [AGOA] Forum January 17.In an interview with the Washington File at the close of the January 13-17 conference, Deputy Assistant...

17 January 2003
US trade will help Africa, says Bush

US trade will help Africa, says Bush

United States President George Bush pledged on Wednesday that America would stand by Africa, helping it to end conflicts and to grow its economies through extended access to the giant US market.Bush was delivering an address by satellite to the summit on the Africa Growth and Opportunity Act (Agoa) in Port Louis, Mauritius, which is being attended by senior US officials and many African trade ministers.He said he still intended visiting Africa later this year.Bush said last year's terror attacks in Mombasa "remind us that Africa is on the...

16 January 2003
Africa's trading ambitions on the table

Africa's trading ambitions on the table

American delegates have been rattling off billion-dollar figures at the US-African trade conference. The African Growth and Opportunities Act, or AGOA, was introduced just over two years ago to open up a tariff-free or duty-free arrangement between the US and initially 36 African countries.That's now been expanded to 38, and most of them are represented in Mauritius to reflect on how much trade has been carried out, how much money has been made, how many jobs have been created, and where this is all going in the future. The statistics are...

16 January 2003
Zoellick to highlight Agoa trade gains at forum

Zoellick to highlight Agoa trade gains at forum

US Trade Representative Robert B Zoellick will join trade and foreign affairs ministers from over thirty African countries at the Second US/Sub-Saharan Africa Trade and Economic Cooperation Forum in Reduit, Mauritius, from January 15 to 17.The annual "AGOA Forum" provides an opportunity for top US and sub-Saharan African trade officials to discuss ways of expanding trade and investment relations, under the African Growth and Opportunity Act (AGOA) provisions.Enacted in 2000, AGOA authorized a new US trade and investment policy toward Africa,...

14 January 2003
A narrow niche for African exports

A narrow niche for African exports

THE Africa Growth and Opportunity Act (Agoa), the US law passed in 2000 giving sub-Saharan Africa increased access to the US market, comes under the spotlight this week. There is no doubt that certain countries SA, Mauritius and Lesotho among them have received tangible benefits from the scrapping of US tariffs on a range of product categories. But there is concern among African governments about the future of Agoa, which expires in 2008. Some of these issues will be raised at the Agoa Forum, a threeday ministerial meeting that convenes in...

14 January 2003
Clothing and textile sectors cross swords over AGOA deadline

Clothing and textile sectors cross swords over AGOA deadline

Durban - The clothing and textile industries are at loggerheads over whether the Africa Growth and Opportunity Act (AGOA) September 2004 deadline for least developed countries (LDCs) should be extended.An extension would allow garment manufacturers to continue using fabric from countries outside sub-Saharan Africa, Walter Simeoni, the president of the South African Textile Federation, said at the weekend.The issue will be hotly debated at the second annual Agoa meeting in Mauritius this week."It will be a tragedy if the US government...

13 January 2003
Market Access Moves Africans Out of Poverty, Says Mauritian Prime Minister

Market Access Moves Africans Out of Poverty, Says Mauritian Prime Minister

Port Louis, Mauritius -- Access to markets is vital if Africa is to move out of the cycle of poverty and underdevelopment, Mauritian Prime Minister Anerood Jugnauth said January 13 in opening the private sector session of the second annual U.S. Sub-Saharan Africa Trade and Economic Cooperation Forum.Jugnauth spoke to a business audience at the Freeport Exhibition Center located in the port area of Mer Rouge just outside the capital. He said, "I am confident that now that the U.S. has shown its commitment to the socio-economic success of the...

13 January 2003
1000 U.S. private sector leaders arrive in Mauritius for US-African trade forum

1000 U.S. private sector leaders arrive in Mauritius for US-African trade forum

Trade ministers from the US and several African countries and almost 1000 business leaders have begun arriving in Mauritius for a week-long US-Africa trade forum where America's African Growth and Opportunity Act (Agoa) is to be the main focus.The U.S.-Africa Trade and Economic Cooperation Forum is a meeting of government ministers from the US and sub-Saharan Africa to review U.S.-Africa trade and economic relations. This and a parallel private sector forum were created by Agoa legislation two years ago. Agoa provides duty-free and...

12 January 2003
Agoa Successes and Challenges: A Look Back at the First Two Years

Agoa Successes and Challenges: A Look Back at the First Two Years

The landmark African Growth and Opportunity Act (Agoa) was signed into law by President Clinton on May 18, 2000, and took effect on October 1, 2000. Agoa seeks to harness the power of the private sector to contribute to sustainable economic development of Sub-Saharan Africa by stimulating increased trade flows between the United States and Africa.With two years of experience under the Agoa framework now behind us, the second annual meeting of the U.S.-Sub-Saharan Africa Trade and Economic Cooperation Forum (Agoa Forum) in Mauritius from...

10 January 2003
US warns on AGOA's human rights proviso

US warns on AGOA's human rights proviso

US WASHINGTON The US has embarked on a major African foreign policy drive ahead of next week's meeting with African ministers in Mauritius, warning yesterday that some countries may lose trade privileges unless they improve their human rights records. A senior US state department official said yesterday that Swaziland and Eritrea would soon receive letters from Secretary of State Colin Powell, warning them that they would be dropped from eligibility for benefits under the Africa Growth and Opportunity Act (Agoa) unless they carry out...

09 January 2003
AGOA brings mixed success to Africa

AGOA brings mixed success to Africa

MASERU - In a corner of Maseru's shabby industrial zone, workers at the Shining Century factory cut and sew bolts of billowing maroon and navy blue fabric into T-shirts destined for the shelves of Gap stores across the US. They are part of a growing textile industry in this tiny African nation that is profiting from a new US trade initiative. The Gap shirts enter the US under the Africa Growth and Opportunity Act (Agoa), which has slashed tariffs on nearly 2,000 products imported from dozens of African countries and opened the world's...

09 January 2003
Presidential Determination on 2003 AGOA Eligibility for 38 Countries

Presidential Determination on 2003 AGOA Eligibility for 38 Countries

On December 31, 2002, President Bush approved the designation of the following 38 Sub-Saharan African countries as eligible for tariff preferences under the African Growth and Opportunity Act (AGOA): Benin; Botswana; Cameroon; Cape Verde; Central African Republic; Chad; Republic of the Congo; Cote d'Ivoire; Democratic Republic of the Congo; Djibouti; Eritrea; Ethiopia; Gabon; The Gambia; Ghana; Guinea; Guinea-Bissau; Kenya; Lesotho; Madagascar; Malawi; Mali; Mauritania; Mauritius; Mozambique; Namibia; Niger; Nigeria; Rwanda; So Tome and...

04 January 2003
US trade official lauds AGOA

US trade official lauds AGOA

Ooutgoing US trade representative for Africa Rosa Whitaker has lauded the implementation of the African Growth and Opportunity Act (Agoa) as one of the proudest achievements of her four-year stay. She said the greatest challenge for the US now was the need to build on Agoa's successes and to create a "greater urgency" about the economic need of sub-Saharan Africa. Under AGOA, about 35 sub-Saharan nations are now eligible for the duty-free and quota-free entry of their exports into the US market. In addition, President George Bush signed the...

20 November 2002
Eleven Set for AGOA Exhibition

Eleven Set for AGOA Exhibition

About 11 companies have so far registered to participate in the African Growth Opportunity Act (AGOA) trade exhibition that is scheduled for January 13-17 in Mauritius."The response is so far good, more are still coming, it is still early to know how many will participate but the number will increase," Uganda Investment Authority executive director Dr. Maggie Kigozi has said.She said that the Uganda Export Promotion Board (UEPB) will exhibit on behalf of government."This is therefore to inform all exhibitors that there will be one booth, so...

20 November 2002
U.S. Government Agency Creates Africa Investment Council

U.S. Government Agency Creates Africa Investment Council

The Overseas Private Investment Corporation (OPIC) announced the membership of its Africa Investment Advisory Council on November 13. The ten-member committee was established pursuant to the Africa Growth and Opportunity Act (AGOA) and for the purpose of supporting OPIC efforts to generate an increase in U.S. private investment in sub-Sahara Africa."We are convinced that Africa has the potential to become one of the world's most dynamic emerging markets in the next few years, and as such, an important destination for U.S. investment," said...

18 November 2002
Comesa Offers Free Space At AGOA Trade Exhibition

Comesa Offers Free Space At AGOA Trade Exhibition

The Common Market for Eastern and Southern Africa (COMESA) announced today that it will provide AGOA-eligible member states free exhibit space in the "COMESA Village" of the AGOA Trade Exhibition, scheduled for January 13-17, 2003, in Port Louis, Mauritius. The unprecedented Exhibition is part of the Private Sector Session of the U.S.-Africa AGOA Forum, an annual ministerial meeting that will attract hundreds of government and business leaders from the United States and sub-Saharan Africa. President George W. Bush is expected to lead the...

15 November 2002
Nigeria works to gain from AGOA

Nigeria works to gain from AGOA

THE Nigerian government has approved the establishment of the Nigerian Apparel and Footwear Project, an initiative aimed at taking advantage of the US-sponsored Africa Growth and Opportunity Act (Agoa). Nigerian Commerce Minister Mustapha Bello said the project, established under the US-Nigeria Development Institute, was part of the government's mediumterm commitment towards realising $500m in nonoil exports to the US by the end of next year. He said the project's overall objective was to improve the manufacturing facilities, workforce and...

14 November 2002
If Exploited Well, AGOA Can Make a Great Impact

If Exploited Well, AGOA Can Make a Great Impact

The African Growth and Opportunity Act (Agoa) came into force in the year 2001. The law allows the United States of America to trade with accredited countries duty and quota free.Already great inroads have been made in the area of textiles through this Act. It is reported that Kenya exported to the US, textile and apparel, worth US $56 million (Sh4.4 billion) by September 2001.The Export Processing Zones Authority (EPZs) have attracted 20 garment factories exporting textile and apparel provisions to US under the Act.It is projected that for...

11 November 2002
Multinational BMW to benefit from AGOA scheme

Multinational BMW to benefit from AGOA scheme

BMW SA said yesterday that it was due to export cars worth R3,8bn (about $ 380 million) to the US this year under Washington's duty-free provisions of the African Growth and Opportunity Act (Agoa). Although US legislators intended ordinary Africans to benefit from Agoa, the German firm is by far the biggest local beneficiary to date. Agoa offers exporters from many African countries tariff-free access to the US market for thousands of products. BMW SA CE Ian Robertson said he expected BMW's exports to the US to reach 22000 units, up from...

08 November 2002
Remarks at AGOA Business Roundtable by Secretary Colin Powell

Remarks at AGOA Business Roundtable by Secretary Colin Powell

Remarks at African Growth and Opportunity Act Business Roundtable by Secretary Colin L. PowellThank you very much, Tony, and thank you all. It's a great pleasure to be with you this morning and -- I've been up in my office all morning working on a number of issues, the most pressing of which is the resolution before the United Nations. And we're making progress, but it has been very, very intense negotiations and I started out on the telephone at roughly 6:30 this morning and it hasn't stopped -- but always in the background I've had our...

07 November 2002
Agoa's Tricky Side

Agoa's Tricky Side

The gathering expectations surrounding AGOA, are leading Ugandan exporters into the unfortunate position of placing too many eggs in one basket.The United States government's offer of quota free/duty free access to its domestic market under the African Growth and Opportunity Act (AGOA)is very welcome. Thanks in part to former President Bill Clinton's efforts and that of the Black caucus in the US Congress.But the pitfalls before Uganda can fully exploit this initiative are being underestimated. Especially for fresh food produce.Although...

07 November 2002
US Act on Africa a window of opportunity

US Act on Africa a window of opportunity

THE US's African Growth and Opportunity Act (AGOA) is a blessing in disguise if SA companies take it seriously before the full liberalisation of trade kicks in from 2005 as stipulated by the World Trade Organisation (WTO). The first meeting on Agoa held jointly by some African and US representatives last week reflected on how Agoa was working after one year of its enactment, but had little to do with the bigger picture. While the WTO is forging ahead with its commitments to liberalise sectors such as textile and clothing by 2005, Agoa is...

06 November 2002
Kenya to Earn Sh11b From Textile Sales to US

Kenya to Earn Sh11b From Textile Sales to US

NAIROBIKenya is expected to earn Sh11 billion this year from the export of locally manufactured clothing and textile products to the United States, an American diplomat says. Mr Thomas G. Hart, the counsellor for public affairs at the Nairobi Embassy, told reporters that exports of Kenyan textile products to the US had increased tremendously following the enactment of the African Growth and Opportunity Act (Agoa). The law allows duty-free exports of selected goods and products from African countries into the American market. Mr Hart was...

31 October 2002
Comesa launches AGOA linkage pilot programme

Comesa launches AGOA linkage pilot programme

The Common Market for Eastern and Southern Africa (Comesa) has started a new programme to assist companies in its member states to export their products to the US market under the Africa Growth and Opportunity Act (Agoa). The pilot phase of the programme targets five countries out of the 13 Agoa-eligible countries in the 20-member trade bloc. The five countries which have been selected for the pilot phase of the project, dubbed the Agoa Linkages in Comesa (ALINC), include Malawi, Ethiopia, Rwanda, Uganda and Zambia. ALINC programme...

18 October 2002
Swaziland: Fighting to save AGOA

Swaziland: Fighting to save AGOA

MBABANE - As electrical workers scramble atop new 30 metre-tall pylons to connect power cables that will electrify an expanded Matsapha Industrial Estate in central Swaziland, industry and government leaders are working to safeguard vital trade privileges with the United States."The Americans are giving us a chance to jump-start our economy through foreign trade, and no one wants to blow this opportunity," Marc Svenningsen told IRIN. Svenningsen, the director of Express Cargo in Matsapha, which transports goods made in Swaziland to South...

07 October 2002
Direct African investment is spurred by AGOA

Direct African investment is spurred by AGOA

The Africa Growth and Opportunity Act (Agoa), promulgated by former US president Bill Clinton in 2000 to give certain imports from qualifying sub-Saharan African countries duty- and quota-free entry, has resulted in investments worth hundreds of millions of dollars across the region, the latest edition of the World Investment Report states.The report, released in mid-September by the Geneva-based United Nations Conference on Trade and Development (Unctad), notes that a US company has paid an undisclosed sum to acquire a fish-processing...

04 October 2002
Worsted Mill’s Currency Concern

Worsted Mill’s Currency Concern

While the African Growth and Opportunity Act (AGOA) was very beneficial for the local industry, it had had mixed benefits for South African Fine Worsteds, of Cape Town, chief executive officer Mr. Dieter Mielke told the Wool Record.The company's sales in the United States, in dollars, have increased over the past year by 60% but it has not been possible to gain the full benefit of the decline in the rand against the US dollar since December 2001.Mr. Mielke explained that while South African garment-makers were selling into the American...

01 October 2002
Gambia to Qualify for AGOA

Gambia to Qualify for AGOA

The Gambia will this year qualify for the US African Growth and Opportunity Act for recording progress towards respect for democratic freedoms, rule of law and human dignity.This was disclosed by the US Ambassador, Mr Jackson McDonald, at the US-Gambia forum organised by Corporate Council on Africa (CCA) and Sahel Investment Management at the Kairaba Beach Hotel last Tuesday September 24."Since the lifting of the sanctions, the democratically elected Government of The Gambia continues to record progress towards respect for the democratic...

27 September 2002
AGOA: Gov't calls for free market

AGOA: Gov't calls for free market

Kenya wants her Coffee and Tea to be granted duty and quota free access to the United States market under the African Growth and Opportunity Act (Agoa) agreement.An official from the Ministry of Trade and Industry, Muturi Mirie, said a new list of products to be covered under the second Agoa agreement was being compiled.He said the Government was encouraging addition of value to tea and coffee for them to be considered under the Act.Mirie was speaking during a Kenya Technical Working Group (KTWG) trade facilitation workshop in Eldoret on...

26 September 2002
Europeans, Asians eye local clothing opportunities

Europeans, Asians eye local clothing opportunities

Several European and Asian companies are actively seeking investment opportunities in South Africa's textile and clothing industry, which now enjoys preferential access to the European and US markets.Under the US's unilateral Africa Growth and Opportunity Act (Agoa), signed into law in 2000 by former President Bill Clinton, certain imports – including textiles and clothing – from qualifying sub-Saharan African countries are exempt from import duties and quotas until at least 2008.Under the European Union/South Africa (EU/SA) free-trade...

20 September 2002
US expert pushes for Internet trade

US expert pushes for Internet trade

The Internet can tremendously boost Africa's trade with the United States, a trade specialist has said.Dr Susan Hester, an international trade economist, said a good number of business people in the US were looking for information on African products on the web but this was hampered by lack of websites on African products.She said online marketing was important if Africa hoped to meaningfully exploit the US market.The economist was addressing business people at a seminar on Niche Marketing of African Textiles and Handicrafts, organised under...

13 September 2002
Africans Gain Access to U.S. Market Through AGOA

Africans Gain Access to U.S. Market Through AGOA

Washington - Businesspeople and government officials from Benin recently benefited from a seminar held in their country, which provided information about how African businesses can take advantage of the African Growth and Opportunity Act (AGOA), a law that allows countries in sub-Saharan Africa generous access to the U.S. market."There is a need for clarity about what the real opportunities in the U.S. are" for African countries, said Gregory Simpkins, an Africa policy specialist and vice president of The Foundation for Democracy in Africa...

12 September 2002
AGOA's eased access to US may spark export bonanza

AGOA's eased access to US may spark export bonanza

LISTED companies in a variety of industries are talking about taking advantage of the export opportunities offered by the Africa Growth and Opportunity Act (Agoa), but this does not necessarily mean that their share prices will react in the short term to the possibilities. The performance of those companies' shares will depend on how efficiently they cope with the detail of the Agoa preferences as well as factors like their liquidity and general market sentiment towards small capitalisation companies. Deloitte & Touche associate director in...

30 August 2002
Companies take advantage of better access to US markets

Companies take advantage of better access to US markets

Five years ago, CMT Clothing (Bophuthatswana) was a small player in the SA clothing manufacturing industry, having been rescued from liquidation a few years earlier. Today, CMT's prospects look much brighter. It employs 38% more workers and their jobs have never been more secure. That is largely thanks to the Africa Growth & Opportunity Act (Agoa), the US government's trade and investment policy for Africa. And though Agoa has faced stern criticism from some economists, for CMT and many other SA companies it is a boon as the domestic market...

23 August 2002
AGOA gets big local response

AGOA gets big local response

TOURISM, trade and industry ministry officials have been overwhelmed by the high interest shown by the business community to export to the United States market under the African Growth and Opportunity Act (AGOA) quota and tariff free policy.Davies Bamuleseyo, the ministry's desk officer in- charge of AGOA said on average, five people every day visit the ministry offices at Farmers House on Parliament Avenue in Kampala, seeking information on how to export under AGOA, while 250 others have already registered with the ministry."A lot of...

22 August 2002
Bush okays AGOA II

Bush okays AGOA II

US President George Bush has signed into law the changes or "enhancements" to the African Growth and Opportunity Act (AGOA) paving way for more trading opportunities for Africa and the US. The US Assistant Trade Representative (USTR) for Africa, Rosa Whitaker described the new development, part of the omnibus Trade Act of 2002 signed into law last week as a "win-win situation for sub-Saharan Africa and us", the US embassy in Kampala revealed. According to Whitaker, "The enactment of the AGOA enhancement will add momentum" to the growing...

17 August 2002
AGOA generates R10bn extra for South Africa

AGOA generates R10bn extra for South Africa

The Africa Growth and Opportunity Act (Agoa) generated an additional R10bn for SA last year, accounting for 20% of the country's R50bn exports to the US. This amount was expected to increase to R14bn this year, US ambassador to SA, Cameron Hume, said. The figures were part of a new report on the macroeconomic effect of Agoa on SA. The act provides for duty-free access to certain products under strict rules of origin from some African countries to the US. The report, which was funded by the US Agency for International Development, examined...

16 August 2002
AGOA-Changes 'Good News' For Nambia and Botswana

AGOA-Changes 'Good News' For Nambia and Botswana

A US trade representative in southern Africa says changes to the African Growth and Opportunity Act (Agoa) - a part of the omnibus Trade Act signed into law by President George W Bush on August 6 - are a "win-win [situation] for sub-Saharan Africa and the US." Assistant US Trade Representative for Africa Rosa Whitaker was quoted in The Washington File, a publication of the Department of State. The changes, for which Namibia has lobbied heavily, include allowing Namibia and Botswana the right to use non-African fabric in clothes produced for...

15 August 2002
Kenya beginning to cash in on Agoa

Kenya beginning to cash in on Agoa

Nairobi - Kenya's cotton industry, on its knees after decades of political neglect, is set for revival thanks to the African Growth and Opportunity Act (Agoa). The law was passed by the US Congress more than two years ago to help sub-Saharan African countries by allowing duty-free exports to the world's greatest economy. The opportunities have goaded the local business community and industrialists into stepping up their production. "The statistics of trade growth from Kenya to America are mind boggling," said Peter Kariuki, the chief...

25 July 2002
South African Clothing Makers Could Miss AGOA Benefits

South African Clothing Makers Could Miss AGOA Benefits

Speakers at an intra-African trade promotion program organized by the International Trade Centre (ITC) have warned African clothing manufacturers that they could soon lose out on a special Africa Growth and Opportunity Act (AGOA) ruling which allows them to source fabrics from outside the continent or the U.S. However, this subsidy ceases on 30 September 2004, and unless companies have taken steps to invest or forge relationships with textile manufacturers in sub-Saharan Africa the industry could lose one of its biggest advantages, not to...

22 July 2002
Ripple effect for ice-cream

Ripple effect for ice-cream

Port Elizabeth master ice cream maker Dave Vardy is cooling American palates by R20m/year. Vardy and his partner Manie Maritz make exquisite, fruity ice creams, packed in fruit or coconut shells. With the advent of the Africa Growth & Opportunity Act (Agoa) his exports to the US are duty-free. Their company, Dynamic Commodities, has teamed up with an ex-South African in the US to launch the product in restaurants, theme parks and supermarkets there. Agoa extends preferential trade benefits to a specified range of products, including ice...

05 July 2002
Agoa drives 115% rise in clothing exports

Agoa drives 115% rise in clothing exports

Cape Town - The exemption on import duties provided for by the Africa Growth and Opportunity Act (Agoa) had helped clothing exports to the US jump 151 percent in the past two years, Jack Kipling, the chairman of the Export Council for the Clothing Industry, said yesterday. He said clothing exports last year were worth almost R2 billion, with exports to the US growing at a faster rate than to Europe, where import duties were being phased out gradually. The US and Europe had, historically, both absorbed about 40 percent of South African...

04 July 2002
Trade war brews between Uganda and Nestle

Trade war brews between Uganda and Nestle

Durban- Ugandan President Yoweri Museveni has declared a trade war on one of the world's leading coffee producers, Nestle. He told delegates at the World Economic Forum (WEF) Africa summit in Durban his country was tired of not benefiting from its status as the fourth largest coffee-bean producer in the world. "We are the fourth largest in the world... but we get very little money from that production." Companies such as Nestle had decided to build their factories in Europe, and were not prepared to relocate to the central African state....

07 June 2002
Lesotho's textile industry reaps the job creation benefits of AGOA

Lesotho's textile industry reaps the job creation benefits of AGOA

Maseru - The inside of the giant warehouse on the outskirts of Maseru sounds like a giant beehive.Hundreds of women are sitting in rows between chattering sewing machines, turning out jeans and sportswear. "A million of our jeans go for export every year, mostly to the US," said Adrian Chang. The manager of the CGM textile group is one of a band of entrepreneurs who have contributed to an investment boom in recent years in the mountain kingdom of Lesotho. The "sky kingdom" of Africa was on the front line during the apartheid era of racial...

03 June 2002
Ivory Coast set to forge partnerships with local firms

Ivory Coast set to forge partnerships with local firms

Johannesburg - The Ivory Coast was poised to forge business partnerships with South African firms after being granted Africa Growth and Opportunity Act (Agoa) eligibility last week, Guy M'Bengue, the chief executive of Apexi-CI, the country's export association, said yesterday. In South Africa for the Cote d'Ivoire Week from May 29 to June 2, M'Bengue said Agoa was a "new frontier for the economy" and Ivory Coast's objective was to boost its exports of value-added products by attracting foreign investment and forming mutually beneficial...

30 May 2002
Export Growth Could Be Eroded, Says BMW Boss

Export Growth Could Be Eroded, Says BMW Boss

THE high prices charged for steel, aluminium and other dollar-linked materials that are essential inputs to the SA automotive industry could stifle its phenomenal export growth, BMW SA boss Ian Robertson warned last night.The auto industry is SA's biggest export success, thanks largely to the Motor Industry Development Programme, which rewards export success of vehicles and components with tariff reductions on imports.Almost half of BMW's local production is exported to the US, making the manufacturer the largest beneficiary of America's...

05 March 2002
Museveni Gets 1,000 AGOA Jobs for Girls

Museveni Gets 1,000 AGOA Jobs for Girls

PRESIDENT Yoweri Museveni has directed the recruitment of 1,000 girls from all districts in Uganda for employment in a textile factory being set up to feed the US market.The President issued the directive while meeting resident district commissioners (RDCs) yesterday.Museveni said the move was intended to utilise the African Growth and Opportunities Act (AGOA) which was recently ratified.AGOA is intended to open the United States market to Africa.The girls must have attained 18 years, with a minimum academic qualification of O-Level. They...

03 March 2002
US pledges $8.7m to boost trade in SADC

US pledges $8.7m to boost trade in SADC

Pretoria - US trade representative Robert Zoellick has announced grants totalling $8.7 million to help boost southern Africa's capacity for international trade, the US embassy in Pretoria said over the weekend. Zoellick met with ministers and diplomats of the 14-nation Southern African Development Community (SADC). President George W Bush's envoy informed SADC ministers of three US initiatives under the African Growth and Opportunity Act (Agoa), signed into law by his predecessor Bill Clinton in May 2000. These included a $3 million...

19 February 2002
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