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South Africa: New US president can't kick SA out of AGOA - Coons
Whether the next president of the United States is former first lady Hilary Clinton or business magnate Donald Trump, the African Growth and Opportunity Act (Agoa) is set to remain in place until 2025. This is according to Delaware Senator Christopher Coons, the man who pushed for South Africa to be part of the renewal of Agoa. "I don't expect, after this election, either president to go back and sort of reach in Agoa and tear it up," Coons told a small group of South African journalists ahead of the first presidential debate between...
Obama administration holds 15th AGOA Forum, looks to maximize US-Africa trade through AGOA and beyond
Today, U.S. Trade Representative Michael Froman led the U.S. delegation at the U.S.-Sub-Saharan Africa Economic Cooperation Forum (AGOA Forum). This year’s AGOA Forum brought together government officials, civil society leaders, and business representatives from the United States and across Africa to discuss the current state of the US-Africa trade and investment relationship, highlight policies to maximize African Growth and Opportunity Act (AGOA) utilization, and explore potential pathways to update the U.S.-Africa trade and investment...
AGOA Forum 2016: Africa tables position on AGOA
African Trade Ministers have tabled the continent's position in the 15th Africa Growth and Opportunity Act (AGOA) Forum, says the Department of Trade and Industry. The position is on the report titled, "Beyond AGOA: Looking to the future of the US - Africa Trade and Investment," issued by the US on 22 September 2016, as required by Congress in line with the AGOA Extension and Enhancement Act of 2015. The Ministers said they consider the report as a start of a conversation on trade and investment relationship beyond AGOA. The African...
Remarks by Ambassador Michael Froman at the opening of the 2016 AGOA Forum
[As delivered] Thanks very much. Good morning esteemed Ministers and heads of delegations from our AGOA Partner Countries, Secretaries-General and Commissioners of the Regional Economic Communities, Honorable Members of Congress, U.S. Government colleagues. It’s great to see so many friends here from the private sector, civil society, from our YALI program, who we have worked so closely with over the last several years. As I have learned from all of you, ‘All protocol observed.’ As we open this final AGOA Forum of the Obama...
Tapping Africa’s full potential
California’s Silicon Valley is nearly 10,000 miles from Kenya’s Silicon Savannah but they share a role as innovation hubs for their respective countries. Just as Silicon Valley has transformed business in the United States, Silicon Savannah entrepreneurs are now helping Kenya leapfrog development challenges and plug into the twenty-first-century global economy. Thousands of new apps – such as M-Pesa, a mobile-payment platform that has economically empowered women, rural populations, and small businesses, and M-Farm, a women-developed...
Uganda 'risks losing AGOA deal over used clothes ban'
Uganda risks being phased out of African Growth and Opportunity Act (Agoa) deal if it bans the importation of used clothes, Daily Monitor has learnt. African Growth and Opportunity Act is a United States Trade Act which allows market access to the US from selected sub-Saharan African (SSA) countries, including Uganda. In a courtesy call to the Speaker of Parliament, Ms Rebecca Kadaga recently, the US ambassador to Uganda, Ms Deborah R Malac, discouraged the move to ban used clothes on the grounds that it could jeopardise free trade between...
South Africa: Minister Davies arrives in Washington ahead of AGOA Forum
Trade and Industry Minister Rob Davies has arrived in Washington DC for the 15th Africa Growth and Opportunity Act (AGOA) Forum. The AGOA Forum is an annual forum that takes place on an alternating basis between sub-Saharan Africa and the United States. The one-day forum will take place on Monday, 26 September. The 14th forum was hosted by Gabon in 2015. Under the theme, 'Maximising US-Africa Trade and Investment: AGOA and Beyond', the forum will focus on the implementation of AGOA utilisation strategies, as well as the US-sub-Saharan...
Kenya out to make workplaces safer
Kenya is aligning policies and labour laws to global best practices in production, EAC, Commerce and Tourism Cabinet Secretary Phyllis Kandie has said. Ms Kandie said the move is aimed at reaping maximum benefits under the extended African Growth and Opportunity Act (Agoa) trade agreements. Speaking at the Agoa Labour and Trade Ministerial meeting in Washington, DC, Ms Kandie said workers’ rights was key to successful implementation of trade agreements. Participants said while the Agoa pact does not specifically require affected...
Nigerian Senator Ngige lists poverty, trade imbalance as bane of AGOA
The Minister of Labour and Employment, Senator Chris Ngige, made the assertion while leading the Nigerian delegation to the Africa Growth and Opportunity Act Ministerial Roundtable taking place at the Department of Labour Building Washington D.C, United States. Nigeria has urged the United States of America to demonstrate stronger commitment to improved economic ties with African nations through balanced trade relations. Nigeria argued that the sudden stoppage of import of the Nigerian crude oil by the United States was antithetical to the...
Reaching farther together for inclusive growth in Africa
Today I had the honor of welcoming a distinguished group of leaders from 14 African nations to the 2016 African Growth and Opportunity Act Labor and Trade Ministerial. AGOA authorizes the president to designate countries as eligible to receive preferential trade benefits if they are determined, among other criteria, to have established, or are making continual progress toward establishing, the protection of internationally recognized worker rights and the elimination of certain child labor practices. The goal of programs like AGOA is not...
South Africa: Options for US trade after AGOA
This week, the US is hosting African countries for the annual African Growth and Opportunity Act (Agoa) forum under the theme "Maximising Agoa now while preparing for the future beyond Agoa". The act, a unilateral development programme offering African countries duty-free access for select exports to the US, is set to expire in 2025. The forum will discuss how African countries can maximise its benefits until the programme expires and consider economic engagement after that. SA should use this opportunity to explore how future trade and...
AGOA Forum - Notice to the press
U.S. DEPARTMENT OF STATE Office of the Spokesperson For Immediate Release NOTICE TO THE PRESS September 22, 2016 African Growth and Opportunity Act (AGOA) Forum 2016 On September 26, Assistant Secretary of State for African Affairs Linda Thomas-Greenfield and U.S. Trade Representative Michael Froman will deliver opening remarks for the 2016 Africa Growth and Opportunity Act (AGOA) Forum. Since 2000, AGOA has been the cornerstone of U.S. economic policy in Africa. The annual AGOA Forum serves as the premier event that...
Kenya eyes more exports to US at AGOA summit
Kenya will push for a 500 per cent increase in exports to the American market during the upcoming African Growth and Opportunity Act (Agoa) Forum. State House Spokesperson Manoah Esipisu said yesterday the country will be looking into ways to maximise the agreement's benefits - as out of the Sh300 billion potential, its exports are worth just about Sh50 billion. "Yes, we are making greater use of the agreement but there is still a lot that can be done to improve the trade balance," said Mr Esipisu. He said Industrialisation Cabinet...
Nigeria: Non-oil exporters can generate more forex through AGOA, says NEPC
The Nigerian Export Promotion Council, NEPC, has charged non-oil exporters to maximise the full potential of African Growth and Opportunity Act (AGOA), saying it will help the Federal Government in achieving its diversification goal and improve the economy. Speaking at an interactive session with non-oil exporters in Lagos, the NEPC Regional Coordinator, South West, Mr. Babatunde Faleke said the best to grow naira was to improve on the volume of non-oil exports in with AGOA offer more opportunity in term of profit. Faleke said: “AGOA is...
In Lesotho, evidence of US trade deal's success, and its limits
Most months, Mamoleboheng Mopooane’s paycheck passes through her hands like water. There are her children’s school fees and groceries, rent, winter jackets, and the open palms of unemployed relatives back home asking again and again if she can spare just a little something, anything, to help them get by. All of that is a lot to ask of the $100 she earns every month stitching seams into American bluejeans at a garment factory here, and most of the time, the days trail out long after the money is gone, a quietly ticking countdown to the...
Uganda maps out plan to raise exports
The Uganda Ministry of Trade, Industry and Cooperatives last week unveiled its latest blueprint to increase exports and make locally made goods more competitive outside the country. According to a ministerial briefing paper, ‘The ultimate objective of the Trade, Industry and Cooperatives Sector is to significantly contribute to wealth and employment creation as well as to transform Uganda from a poor into a modern and prosperous society.’ The Main objective of the conference is to conduct a review of the performance of the Sector since...
SA’s chicken industry is ‘in a crisis’ – RCL Foods chief
The widespread dumping of chicken into South Africa remains a pressure point for diversified food producer RCL Foods, with the pronounced trend continuing to weigh on its earnings. RCL Foods, formerly known as Rainbow Chicken, reported an 11.9% decrease in headline earnings from continuing operations for the year to June 2016 to R849.7 million, while its headline earnings per share declined by 12.2% to 98.5 cents. It grew its group revenue by 6.8% to R25 billion during the period under review. The impact of chicken imports is felt by the...
COMESA states lack strong industries to spur regional trade - Siame
Zambia commerce permanent secretary Kayula Siame says intra-COMESA trade continues to face challenges despite the available instruments designed to improve integration. And COMESA assistant secretary general Dr Kipyego Cheluget says Zambia is among countries that have not exploited the African Growth and Opportunity Act (AGOA). Speaking during the official opening of the 32nd meeting of the trade and customs committee in Lusaka, Siame said the implementation of regional commitments and full-scale participation of COMESA member-states still...
Nigeria: 'How non-oil exporters can share in $8 billion AGOA deal'
Nigerian Export Promotion Council (NEPC), has charged non-oil exporters to maximise the full potential of African Growth and Opportunity Act (AGOA), saying it will help the Federal Government in achieving its diversification goal and improve the economy. Essentially under its extension, African countries would be engaged in the rules of origin to engender value-addition of raw materials as they could now include the cost of direct processing, as they share production from one country to another on their way to the U.S market. Indeed, the...
Ghana: MoTI to develop 'AGOA review strategy'
The Ministry of Trade and Industry (MoTI) is in the process of developing a strategic document to enable local companies realise the full potential in the African Growth and Opportunity Act (AGOA) trade initiative. Presently, a draft is being developed with input from local companies in export trade across the country to develop a four-step strategic document, ‘AGOA Review Strategy’ to promote export for Ghanaian companies. In an interview with the GRAPHIC BUSINESS, on the sidelines of AGOA sensitisation workshop in Accra, the Director...
Tough visa rules are locking traders out of AGOA, Rwanda tells US
Rwanda, one of Africa’s fastest growing economies, has called on the United States government to grant easier access to traders from across Africa doing business with America market under the renewed African Growth Opportunity Act (AGOA). The East African nation is one of the beneficiaries of AGOA, the signature trade initiative by the US government to allow at least 7000 products from 39 nations in Sub Saharan Africa to America market duty-free. “The process of acquiring visas remains lengthy even if we qualify through that trade...
Rwanda: Exporters urged to take advantage of AGOA
Entrepreneurs have been challenged to take advantage of the expanded list of goods that can be exported to the US under the African Growth and Opportunity Act (AGOA) scheme to enhance Rwanda’s export volumes and revenue. Francois Kanimba, the Minister for Trade and Industry, said the development should act as an incentive for producers, particularly small-and-medium enterprises (SMEs) to increase production to benefit fully from the AGOA arrangement. Kanimba was on Tuesday speaking during the announcement of the new additional list of...
UPDATED - 2016 AGOA Forum - Agenda and details
The US State Department has officially announced the dates for the 2016 US-sub-Saharan Africa Trade and Economic Cooperation Forum, commonly known as the AGOA Forum. The Forum (Ministerial) will take place on 26 September 2016, and is preceded by a range of events incorporating the private sector, civil society, and African Women’s Entrepreneurship Program (AWEP) stakeholders, on 22-23 September. This year’s theme is “Maximizing AGOA now while preparing for the future beyond AGOA.” Draft program details (updated on 07 September,...