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AGOA non-oil trade with Africa grows from $1.4b to $4.1b – US official

Published on October 28, 2016

Non-oil trade between African countries and the US under the African Growth and Opportunity Act (AGOA) is said to have grown from $1.4 billion in 2001 to $4.1 billion in 2015.

The Assistant US Trade Representative to Africa, Florizelle Liser is cited to have said in Cairo, Egypt in the last week that the sectors that had benefitted most from AGOA included automobiles, apparel, footwear, prepared fruits and vegetable, nuts and cut flowers.

Ms Lisser, who was speaking at the African Export-Import Bank maiden Trade and Development Seminar Series, indicated however that, there are constraints affecting the supply-side of the trade relations with the continent, and these, she pointed out include unreliable electricity and transportation, poor ports, lack of transnational highways, and poor access to the Internet, adding that currently Africa accounts for only two per cent of US trade. Read more. Source | Ghana Business News