USA – African business (Sylodium, the global directory)
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Syllogism
1.- USA, more than 10 key cities in the world, New York, Chicago, Los Angeles, Washington, Houston, Philadelphia, Phoenix, Dallas, Atlanta, Boston…..
2.- Africa. 56 countries. Nigeria, South Africa, Ethiopia, Egypt, etc. etc
3.- Conclusion, USA – Africa involves much more than 560 (56 x 10) bilateral trade relationships, some of them very relevant in global trade
New York – Lagos, Chicago – Cape Town, Nairobi – Los Angeles etc
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USA – EAC towards a free-trade agreement
the East African Community trading bloc (the African bloc that is working in the best way in Africa)—Burundi, Kenya, Rwanda, Tanzania and Uganda—has been a strategic partner with the U.S. in a bilateral trade initiative since 2013.
Trade in goods among the five bloc countries and the U.S. totaled $2.8 billion in 2014
Exports from EAC to the U.S. have primarily consisted of apparel $743 million in 2014
the top U.S. exports to the EAC include aircraft and heavy machinery ($2 billion).
The current U.S. trade framework with 40 African countries tariff-free access to the U.S. market, is set to expire, so US is moving beyond this current framework.
African exporters say the goal is a free-trade pact with the U.S. that would eliminate barriers to trade for African and U.S. exports
the Way for a U.S.–Africa Free Trade Agreement
In 2012, eight of the twenty fastest growing economies in the world were in sub-Saharan Africa
the African Growth and Opportunity Act (AGOA) is a trade preference program enacted since 2000 for the U.S.-African engagement on trade and investment.
39 sub-Saharan African countries currently qualify for AGOA benefits.
USAID funding is supporting the work of three African Regional Trade Hubs located in Accra, Ghana; Gaborone, Botswana; and Nairobi, Kenya.
Currently AGOA to gain full advantage of the opportunity for mutually beneficial trade and investment is working to encourage regional integration, expand the number of products granted duty-free access, eliminate quota restrictions, and require gradually reciprocal duty-free treatment for American exports
upgrading AGOA from a limited trade arrangement into a pathway towards a free trade and investment partnership that will solidify America’s engagement with Africa
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