Sierra Leone: Local producers trained on AGOA trade benefits

Sierra Leone: Local producers trained on AGOA trade benefits

Sierra Leone - US trade in goods, by sector

$ million, Source USITC 

Published
Wednesday, 25 January 2017 ~ Saidu Bah
Source

The Sierra Leone Investment and Export Promotion Agency (SLIEPA) in collaboration with the United States Agency for International Development (USAID) and the West Africa Trade and Investment Hub yesterday organized a one day sensitization workshop for executives of local companies at the Hub Hotel Wilberforce in Freetown.

Sharka Kawa Export Development Officer of SLIEPA spoke about the African Growth and Opportunity Act (AGOA) and it export strategy which is aimed at exporting locally made products to the American markets with less tax.

He also called on the private sector to promote diversification of investment in other sectors so as to stimulate the economy by exporting local products to US markets.

The Facilitator of the training Mohamed Abou Iiana, Senior AGOA Specialist based in Ghana, spoke about essence of the AGOA in promoting trade and investment in Africa.

He furthered that 49 countries [Ed Note: 38 countries are currently AGOA beneficiaries] are currently eligible for AGOA and they are evaluated annually in the areas of none- oil trade has increased fourfold from 1.4bn in 2001 to 4.1bn in 2015.

He said sectors that have so far benefited from AGOA includes automobile apparel, footwear prepared fruits and vegetable nuts and cut flowers.

He said currently there are 6,400 eligible tariff lines and promotion of value added productions with more processing and industrialization by creating more jobs and opportunities for integration of economies.

He said USD $160,000 in 2016 mainly agricultural project between AGOA and Sierra Leone noting that the US markets is the largest in the world.

The AGOA trade agreement was signed in 2000 for a period of 15 years but renewed for another ten years which is expected to expire in 2025.

USAID Country Programme Manager Everett Terrence spoke about their intervention during and after Ebola and expressed the need for capacity building on business and export promotion.

Chief Director in the Ministry of Trade and Industry Charles Mayweather Thompson said promoting AGOA export from Sierra Leone is a legal instrument aimed at promoting trade between the US and Africa.

He said the eligibility is to provide incentive for African companies to establish markets in the US and spoke about strides government is making in the protection of intellectual property right and the creation of commercial courts so as to protect trade and investment.

The training also focused on quality, standards, labeling and requirements for the US markets, many of the participants were also keen to export their products to the US markets.

 

View related news articles

USAID Administrator Samantha Power on financing new pathways to a stronger US-Africa economic partnership

Good morning everyone, it’s an honor to be here with you today at this year’s U.S.-Africa Business Summit. I want to offer a special thanks to Florie Liser and the Corporate Council on Africa for convening this important event. This year, USAID, the Agency that I have the privilege of running, turns 60. And for those 60 years, the U.S.’ relationship with the continent of Africa has largely been the same. It is a relationship rooted in...

29 July 2021

Sierra Leone mining dispute threatens US firms

The decision by Sierra Leone to shut down the operations of U.S.-owned SL Mining has called into question that government’s commitment to the rule of law with regard to foreign investors. Since the mid-1990s, the U.S. Government has initiated various programs to boost U.S.-Africa trade and investment – from the African Growth and Opportunity Act (AGOA) to the Prosper Africa initiative that was launched in 2018. The success of these...

17 April 2021

USAID Southern Africa to support upcoming Swakopmund international trade expo

The USAID/Southern Africa will collaborate with the government and the Namibia Chamber of Commerce and Industry (NCCI) for the upcoming 7th Swakopmund International Trade Expo (SWAITEX). Dr Takele Tassew, Agriculture and Trade Advisor for the USAID/Southern Africa Regional Economic Growth Office, confirmed in a statement that this partnership is possible because of a meeting they had with the Ministry of Industrialization, Trade and SME...

03 October 2019

A look back on the East Africa USAID Hub as the project comes to an end

After five years, the East Africa Trade and Investment Hub (the Hub), a USAID project, is coming to a close. This is an expected end as USAID projects typically run for five years. Since the USAID Hub began in 2014, we have been fortunate to work with dedicated entrepreneurs, private sector organizations, governments and development partners. Together, we have supported eastern Africa’s private sector to access and leverage economic...

14 August 2019

Sierra Leone to launch its AGOA response strategy

The African Growth and Opportunity Act (AGOA), an initiative of the United States Government, allows low-income countries to access the US market on very favourable trade terms.  The implementation of the new AGOA Strategy will allow Sierra Leone to benefit from duty free access to US markets when exporting products produced in the country.  The Ministry of Trade and Industry (MTI) in collaboration with the International Growth...

11 February 2019

US apparel buyer linked to sourcing opportunities in Madagascar

On August 26-30, the USAID East African Trade and Investment Hub conducted a buyer mission to Antananarivo, Madagascar for a large publicly listed U.S. apparel company. The U.S buyer engaged with apparel companies in Madagascar and identified several sourcing opportunities that could support its production of apparel and related fashion goods across several top brands.  “Madagascar’s private sector is recognizing and fully embracing...

05 September 2018

USAID supports Kenya’s AGOA strategy to double duty-free exports by 2023

Kenya’s Ministry of Industry, Trade and Cooperatives has launched the Kenya National African Growth and Opportunity Act (AGOA) Strategy and Action Plan (2018-2023) alongside Kenya’s National Export Development and Promotion Strategy.  The new National AGOA Strategy outlines actions for priority sectors to increase the country’s exports to the U.S. by 10.4 percent annually. In 2017, Kenya exported goods worth $572 million to the...

31 July 2018

Gambia AGOA workshop: ‘US committed to expanding trade links with The Gambia’

The United States Ambassador to The Gambia, C. Patricia Alsup on May 9 presided over an African Growth and Opportunity Act (AGOA) workshop in Banjul, using the opportunity to reaffirm the United States Government’s commitment to restoring and expanding its trade links with The Gambia. The AGOA workshop was organized in partnership with the Gambia Investment Export and Promotion Agency (GIEPA), and the United States Agency for International...

10 May 2018

USAID trade hubs created over 60,000 new jobs in Africa - USAID Director

U.S. Agency for International Development’s Mission Director for West Africa, Alex Deprez has revealed that US-Africa trade relations has led to the creation of more than 60,000 jobs across the continent. Alex Deprez expressed US government’s commitment to assisting Africa in its development agenda through trade and investments. He continued that the interventions by the US government which are implemented by the agencies and partners...

07 May 2018

AGOA strategy awareness in motion for Botswana

The Ministry of Investment Trade and Industry (MITI) in collaboration with Botswana Investment and Trade Centre (BITC), U.S. Embassy in Botswana, USAID Southern Africa Trade and Investment Hub, African Women’s Entrepreneurship Program (AWEP), the Local Enterprise Authority (LEA), the Citizen Entrepreneurship Development Agency (CEDA) and the Botswana Export Credit Insurance (BECI) are conducting nation-wide workshops to sensitize the...

01 March 2018

Sierra Leone: Workshops offer training before Sierra Leone’s AGOA national strategy launch

Ahead of Sierra Leone’s U.S. African Growth and Opportunity Act (AGOA) strategy launch, two Trade Hub-hosted workshops for national officials focused on AGOA standards and other customs procedures. The Freetown trainings, hosted on November 15 and 16, attracted participants from Sierra Leone’s Department of Foreign Trade, the Executive Office of the Permanent Secretary, and the Department of Domestic Commerce and Trade at the Ministry of...

28 November 2017