The Hub's accomplishments in Madagascar to Date:
- To date the Hub has supported 125 firms and associations to increase their export competitiveness
- 12 firms and associations have been supported to participate in various trade shows resulting in 269 business linkages
- Hub facilitated AGOA exports as at June 30 2017 stood at $65,308,650
- Exports to other market destinations as a result of Hub support are $27,301,086
- 32,588 new full time equivalent (FTE) jobs have been created, 77% of which are for women
- Supported 2 firms to attain international export certification standards
The Hub's assistance to Madagascar
The USAID East Africa Trade and Investment Hub (the Hub) promotes two-way trade with the U.S. under AGOA and facilitates investment and innovative technologies to drive East African trade growth intra-regionally and to global markets. The Hub is helping Madagascar rediscover the U.S. market through AGOA.
In June 2014, in anticipation AGOA-eligibility reinstatement, the Hub teamed up with Madagascar’s free-trade zone partners to lead the workshop, “How To Approach the U.S. Market: Opportunities for Madagascar.” Immediately following Madagascar’s AGOA-eligibility reinstatement, the Hub wrote a Madagascar National AGOA Strategy to support Malagasy firms leverage AGOA opportunities.
The Hub now works with public and private sector stakeholders to increase awareness of export opportunities under AGOA. The goal: reach or surpass Madagascar’s previous level of exports through AGOA. The Hub does this through AGOA preparedness workshops and through its partnership grant with the American Chamber of Commerce (AMCHAM) in Madagascar. A major component of the grant is an AGOA market access training and knowledge management center, which provides exporters with U.S. market requirements and information, and facilitates business linkages.
In 2015, the Hub supported 20% of Madagascar’s $43M in exports through AGOA. The Malagasy government estimates that AGOA reinstatement has helped create 26,600 new jobs, in part, thanks to the Hub. The Hub captured the sourcing and investment opportunities that Madagascar provides in a short, professional video. The Hub shows the video to potential buyers at trade shows and shares the video with the wider cotton, textile and apparel industry. The premiere trade publication for apparel and textile executives, Sourcing Journal, has featured the Hub’s video in its updates.
Click on the image below for a Hub Madagascar success story: https://thehub.exposure.co/made-in-madagascar
Opportunities for sourcing from Madagascar: http://www.eatradehub.org/video_opportunities_for_sourcing_in_africa_spotlight_on
AGOA Madagascar Livelihoods video: https://www.youtube.com/watch?v=bJsadNAHWhE
Related Blogs and Resources
Published on May 12, 2016
The New Partnership for Africa’s Development (Nepad), an agency of the African Union that implements high-impact development projects on the continent, has launched an initiative dubbed ‘MoveAfrica’ to help tackle policy hurdles to trade across the continent.
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It will seek to drive down costs and increase efficiency for logistics companies and manufacturers in various industries in Africa.
Read more. Source | New Times
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Biannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries, as well as analysis of topical policy challenges faced by developing countries through in-depth research detailed in this edition.
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Published on April 29, 2016
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Go to our knowledge center for this report and more.
Published on April 29, 2016
The WTO Trade Facilitation Agreement (TFA), which was agreed by WTO members at the Ministerial Conference in Bali in December 2013, is the first multilateral trade agreement concluded since the establishment of the WTO in 1995. The 2015 World Trade Report is the first detailed study of the potential impacts of the TFA based on a full analysis of the final agreement text.The WTO Trade Facilitation Agreement (TFA), which was agreed by WTO members at the Ministerial Conference in Bali in December 2013, is the first multilateral trade agreement concluded since the establishment of the WTO in 1995. The 2015 World Trade Report is the first detailed study of the potential impacts of the TFA based on a full analysis of the final agreement text.Download here
Get the companion app from the iTunes, Android, Amazon app stores.
The Report’s findings are consistent with existing studies on the scale of potential benefits from trade facilitation, but it goes further by identifying and examining in detail a range of other benefits from the TFA. These include diversification of exports from developing countries and least-developed countries to include new products and partners, increased involvement of these countries in global value chains, expanded participation of small and medium-sized enterprises in international trade, increased foreign direct investment, greater revenue collection and reduced incidence of corruption.The Report also looks into the challenges of implementing the Trade Facilitation Agreement and examines how a new facility, launched in 2014 by WTO Director-General Roberto Azevêdo, will provide support to help developing countries implement the Agreement.
Published on April 20, 2016
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Published on April 12, 2016
The Hub supports businesses across eastern Africa, Mauritius and Madagascar to access the U.S. market through the African Growth and Opportunity Act (AGOA). To this end, we provide access to our AGOA experts on our website and now via Facebook. Potential exporters can ask questions, get expert answers, connect with and share experiences with other AGOA exporters.
Here are a few of the recent questions that have been asked:
Published on February 23, 2016
Madagascar National AGOA Strategy. The objective of the AGOA strategy is to support the ability of Madagascar’s firms to successfully sell into the U.S. market, leveraging every opportunity that AGOA provides.
AGOA has had a clear impact in stimulating Africa-U.S. trade. All exports, including energy-related products, from AGOA-eligible countries have grown over 300 percent, from $21.5 billion in 2000 to $86.1 billion in 2008. It has created more than 300,000 jobs, many of which are in the apparel sector, an industry that provides employment opportunities for women.