TRALAC - Trade Law Centre

American Business Council launched in Sierra Leone

Monday, 12 June 2017

Source: Awoko

The American Business Council of Sierra Leone (ABC) has recently been officially launched as a forum for United States and Sierra Leonean companies to strengthen commercial ties between the two countries.

The American Business Council according to Scott Risner Economic and Commercial Officer Embassy of the United States of America in Sierra Leone will engage local businesses and the Government of Sierra Leone through the Ministry of Trade and Industry, and Sierra Leone Investment and Export Promotion Agency (SLIEPA) to build a more conducive environment for private sector growth.

During the launching of the ABC Ambassador John Hoover pledged that “the US Mission will work closely with the American Business Council to attract more US Investment, promote trade and support the development of Sierra Leone.”

The American Business Council President Vincent Balogun noted that the ABC will focus on creating a platform for the exchange of ideas, establishing good business networks, advocating for better business environment with sound policy synergies and sharing best practice in industry.

The ABC is a voluntary association of companies and individuals doing business in Sierra Leone to share the goal of promoting trade, business and commerce between the two countries.

According to Scott Risner Economic and Commercial Officer Embassy of the United States of America in Sierra Leone, the ABC is working inline with the African Growth and Opportunity Act (AGOA) which gives trade benefits for companies in Sierra Leone to export their products to America.

He said that the America Business Council help Companies to understand how to sell their products to the American market.

He said AGOA trade preferences are in many kinds of sectors like textile and food products which a lot more Sierra Leonean companies can do.

“ABC will be helping companies to export better products and get easy access to US markets.”

He clarified that the American Chamber of Commerce no longer exist and the American Business Council is currently the major link to the American Markets.

“We can facilitate for local companies in Sierra Leone to export and sell their products to America through AGOA on a fair price that meet International standards” Risner said.

He said Sierra Leonean companies can produce beverage, smoked fish and other locally manufactured products for export to the US.

He disclosed that some American based companies that are operating in the country over the years include Coca Cola Company, AFRICELL and GEO, which took over the Marampa mines in Lunsar

He explained that most American companies are ready to invest in Sierra Leone through joint venture and partnership with local companies.

Related News

Sierra Leone: Trade opportunities opened with the US

Sierra Leone: Trade opportunities opened with the US

The African Growth and Opportunity Act (AGOA) was signed into law by President Clinton in May 2000 with the objective of expanding U.S. trade and investment with sub-Saharan Africa, to stimulate economic growth, to encourage economic integration, and to facilitate sub-Saharan Africa’s integration into the global economy. The Act establishes the annual U.S.-sub-Saharan...

13 September, 2017
Sierra Leone News: Private sector yet to benefit from AGOA trade

Sierra Leone News: Private sector yet to benefit from AGOA trade

Since the African Growth an Opportunity Act (AGOA) was launched by United States Government 17-years ago to promote industrialization, Sierra Leonean based companies are yet to export their produce to the US market due lack of proper documentation and certification. However, the Chamber of Commerce Industry and Agriculture (SLCCIA) has engaged private sector executives on...

18 July, 2017
Sierra Leone: Local producers trained on AGOA trade benefits

Sierra Leone: Local producers trained on AGOA trade benefits

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...

25 January, 2017
West Africa: US and West African countries work towards trade deal

West Africa: US and West African countries work towards trade deal

The United States is working with West African countries to reach a trade and investment agreement that supports efforts at economic growth and integration as American companies increasingly look toward Africa for business opportunities. U.S. Trade Representative Demetrios Marantis told AllAfrica that discussions on the Trade and Investment Framework Agreement (TIFA) with...

05 April, 2013
Sierra Leone: Four products certified for US export

Sierra Leone: Four products certified for US export

The Africa Growth and Opportunities Act (AGOA) has certified four made in Sierra Leone products to be sold in the United States of America and Europe after meeting the required standards. According to the Chairperson of the Sierra Leone National Committee for the Africa Growth and Opportunities Act (AGOA) of the Sierra Leone Chamber of Commerce Industry and Agriculture Ms...

01 February, 2013