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Botswana: Government launches strategy to benefit more from AGOA
The African Growth and Opportunity Act (AGOA) National Response Strategy, which was developed through the assistance of the USAID Southern Africa Trade and Investment Hub, will be launched at the beginning of next month. The strategy would help local businesses grow by taking advantage of AGOA provision of duty-free exports to the United States of America (USA) with the hub’s experts working directly with the private sector to improve productivity and facilitate robust regional trade and global market access. The strategy would focus on...
South Africa: Car makers in strong plea to US on duty-free access under AGOA
The automotive industry has made a strong plea to the US trade administration for it to continue enjoying the benefit of duty-free access to the US market under the African Growth and Opportunity Act (AGOA). Nico Vermeulen, director of the National Association of Automobile Manufacturers of SA, and Renai Moothilal, the executive director of the National Association of Automotive Components and Allied Manufacturers, argue in a letter to Edward Gresser, chairman of the trade policy staff committee in the office of the US trade representative,...
Nigeria: $100b non-oil export target - stakeholders push for AGOA
The foreign commercial service of the United States (U.S.) diplomatic mission to Nigeria has been living up to its mission of promoting the expansion of the U.S trade and investment in Nigeria. Its team of trade and commercial specialists has consistently maintained the importance of the African Growth and Opportunities Act (AGOA) as a powerful tool for Nigeria to drive non-oil export and diversify the local economy. The team has taken every advantage of its interactions with officials of the Federal Government and business leaders to...
US assures Africa AGOA pact is here to stay
The United States is determined to deepen trade with sub-Sahara Africa following assurances that the African Growth and Opportunity Act (Agoa) deal is safe under the Trump administration. While a dark cloud has been hanging over Agoa since Donald Trump became US president over six months ago, a top US trade representative has assured African countries that the US is committed to a stronger and more sustainable relationship with Africa through free, fair and reciprocal trade. Soon after taking over, Trump sent shockwaves across Africa when...
Swazi king signs public order, terrorism amendment bills
His Majesty King Mswati III has given assent to the Public Order Bill and the Suppression of Terrorism amendment Act. The King endorsed the two Acts last week Tuesday. This comes as good news as this means that Swaziland is a step closer to regaining its African Growth and Opportunity Act (AGOA) status. Swaziland was removed from AGOA in January 2015.
Ghana: Government targets $500m exports under AGOA by 2020
President Nana Akufo-Addo has revealed that government is instituting measures to have more exports to the United States (US) under the Africa Growth and Opportunities Act (AGOA) to achieve a target of $500million in 2020. Mr. Akufo-Addo, who was speaking at the Second National Policy Summit in Accra on Monday, August 14 said, “Ghana’s total non-exports under AGOA for 2016 was $12 million and we aim to increase our export volumes under AGOA to $500million in 2020.” According to Mr. Akufo-Addo, the AGOA Act was signed into law some 17...
South Africa: Trade and Industry on AGOA industrialisation and regional value chains in Sub-Saharan Africa
The African Growth Opportunity Act (AGOA) is a cornerstone of United States (U.S.)-Africa trade relations and has facilitated mutually beneficial trade and investment relations between eligible African countries and the U.S. Total trade between the Sub-Saharan Africa and the U.S. stood at $33 bn in 2016. Through AGOA, non-energy exports from Sub-Saharan Africa (SSA) into the US, mainly for clothing and textile, autos and agriculture and food products have grown. However, more needs to be done to promote value-added trade and promote...
AGOA Forum 2017: Opening statement by the AU Commissioner for Trade and Industry
Statement by Ambassador Albert M. Muchanga Africa Union Commissioner for Trade and Industry I am delighted to be here this morning and participate in the opening ceremony of the United States-Sub Saharan Africa Trade and Economic Cooperation (AGOA) Forum that is convening under the Theme: “The U.S. and Africa: Partnering for Prosperity Through Trade”. My statement will be brief. I will broadly touch on the challenge that we face to bring to life the theme of this Forum and key areas of capacity building to increase African exports...
Why the US's use of AGOA reviews worries African trade ministers
African countries have urged the US not to use the out-of-cycle reviews under the Africa Growth and Opportunity Act (Agoa) in a manner that restricts their ability to pursue policies in their national interest, in particular those that promote industrialisation. Agoa provides duty-free, quota-free treatment for more than 6,000 tariff lines from African countries into the US market. East African countries Rwanda, Tanzania and Uganda — are being subjected to out-of-cycle reviews of their eligibility to partake in Agoa because they have...
Africa-US AGOA trade talks end with 'no decision, waning enthusiasm' - Reuters
LOME (Reuters) - Talks between African and U.S. officials to review the African Growth and Opportunity Act (AGOA) free trade deal ended on Thursday with no decision and a feeling on all sides that it has achieved little since it was set up. President Donald Trump's top trade negotiator Robert E. Lighthizer and other U.S. officials have been in the tiny West African nation of Togo over the past two days to discuss the Clinton-era trade pact with sub-Saharan Africa. Trump's "America First" campaign has seen him withdraw from the Trans...
Uganda: What ban of second hand clothes means for businesses
One and a half years ago, 25-year-old Everist Mulindwa dug into his pockets and picked Shs1m, an amount he invested in second hand clothes, also called "Mivumba." He had just completed Senior Six and it seemed like the most viable business option for him. "It was easy to start so I took a million shillings off my savings and went into the business," Mr Mulindwa says. The trader in second hand dresses and blouses says there has been a change in his life since then because he is assured of retiring home with Shs100,000 in profit every week....
Togo's trade minister laments suboptimal use of AGOA provisions
Togo's trade minister said here Tuesday that the United States' African Growth and Opportunity Act (AGOA) is "not used optimally" by African economies. Bernadette Legzim-Balouki, Togolese minister of trade and private sector promotion, said this during the session on the private sector and civil society at the 16th Forum of the AGOA in Lome, capital of Togo. The Togolese minister cited the lack of optimal use of AGOA regarding the challenges faced by the financing and business environment and regional integration. "We must then overcome...
Opening statement by USTR Amb Lighthizer at the AGOA Forum in Togo
Opening Statement of USTR Robert Lighthizer at 2017 AGOA Forum As Delivered, August 9, 2017, Lomé, Togo AMBASSADOR LIGHTHIZER: Good morning, Your Excellency, Prime Minister Komi Klassou; Trade Minister Legzim-Balouki; esteemed members of the Togolese Government; ministers and heads of delegations from the AGOA partner countries; and distinguished delegates and guests. I am honored to be here, and I join on behalf of President Trump and our Government in welcoming all of you to the 16th annual AGOA Forum. Before...
AGOA trade forum to showcase Trump's Africa policy
US President Donald Trump barely mentioned Africa or trade with the continent during his whirlwind campaign and has been mostly silent about the region since taking office. But the annual African Growth and Opportunity Act (AGOA) forum being held in the Togolese capital Lome this week will bring together top US officials and African ministers. The gathering will finally shine a light on Trump's policies toward the region of 1.2 billion people. What is the African Growth and Opportunity Act? It was a trade deal inked between the United...