TRALAC - Trade Law Centre

Togo's trade minister laments suboptimal use of AGOA provisions

Wednesday, 09 August 2017 Published: | Lu Hui

Source: Xinhua News

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 these challenges in order to make more competitive African enterprises so as to face the international competition as most of African products for exportation are unable to penetrate the international market, particularly the American market," she said.

Legzim-Balouki said the Lome Forum offers all the "opportunity to discuss and contribute to the improvement of trade exchange between the United States of America and Sub-Saharan African countries."

The session focused on how to strengthen economy through trade, inclusive and sustainable economic growth, and accountable governance.

The necessity of corporate social responsibility, which contributes to the development of prosperous societies, was also discussed at the session.

The theme of this year's forum is "The United States and Africa: Partnering for Prosperity through Trade."

Scheduled to close on Aug. 10, it is expected to gather over one thousand participants from 38 Sub-Saharan African countries and the United States.

 

Related News

How African countries can maximise the benefits that AGOA provides

How African countries can maximise the benefits that AGOA provides

Since the year 2000, the African Growth and Opportunity Act (AGOA) has given eligible African countries duty and quota free access to the United States’ markets. This has created an opportunity for African businesses, big or small to meet, trade with new markets and improve the quality of their products. Over the years, it has been described as a catalyst for democracy...

31 October, 2017
Reports by the organisers on the 2017 AGOA Forum held in Togo

Reports by the organisers on the 2017 AGOA Forum held in Togo

See the 2017 AGOA Forum Reports (prepared by the AGOA Togo Organising Committee) in the AGOA Forum Downloads Section.    Forum 2017 Brochure and Photos   AGOA Forum 2017: General Report on the AGOA Forum in Togo (english)   AGOA Forum 2017: General Report on the AGOA Forum in Togo (french)  

26 October, 2017
Togo qualifies for AGOA textile and apparel benefits

Togo qualifies for AGOA textile and apparel benefits

As the U.S. continues its wholesale review of all trade agreements and preference programs—including the African Growth and Opportunity Act—it seems to still be building up on the AGOA program that’s so far still set to run through 2025. Last month, the United States Trade Representative said Togo is now eligible to enjoy trade benefits under AGOA for textile and...

25 August, 2017
How African countries can maximise the benefits AGOA provides

How African countries can maximise the benefits AGOA provides

Since the year 2000, the African Growth and Opportunity Act (AGOA) has given eligible African countries duty and quota free access to the United States’ markets. This has created an opportunity for African businesses, big or small to meet, trade with new markets and improve the quality of their products. Over the years, it has been described as a catalyst for democracy...

25 August, 2017
US assures Africa AGOA pact is here to stay

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...

17 August, 2017