Africa is home to some of the fastest growing economies in the world. But for U.S. investors, where do you start? The recent Trade with Africa Business Summit 2018 in Bentonville, Arkansas, helped investors answer that question by identifying opportunities on the continent and providing specifics by country, region and sector.
Big name former CEOs like Donnie Smith of Tyson Foods presented and a host of technical advisors, including from the USAID Hub, provided their trade and investment insights from working in Africa. Investors departed with a clearer strategy for market entry with low commercial risks and the possibility for high return.
The USAID Hub’s Apparel Trade Linkage Advisor presented during the “Pitch the Country” session. His presentation showcased current capabilities in the East Africa textile and apparel sector with on-the-ground photos of factory technology and production capabilities. His message and the messages of other presenters emphasized similar themes: African countries are hard-working nations with a talented workforce and a lot of competitive advantages.
One of those competitive advantages is the African Growth and Opportunity Act (AGOA), about which the Hub’s AGOA Trade Expert presented during a “U.S. Government Resources” panel. The Hub’s AGOA Trade Expert also spoke about the Hub’s assistance programs for exporters in East Africa. Visit our Trade Promotion and AGOA webpage to learn more.
Interested in more AGOA opportunities? Watch our AGOA sourcing videos and visit our Apparel Suppliers Database when you are ready to start sourcing African-made apparel. If you still haven’t found what you are looking for, try www.AGOA.info.
To learn more about the Trade with Africa Business Summit, go here.