President Obama has prioritized promoting U.S. trade with and investment in Africa, building Africa’s trade capacity, and extending preferential access to the U.S. market for African products. U.S. non-petroleum imports from Africa increased by 46 percent and U.S. goods exports to Africa increased by 59 percent since 2009, evidence of growing trade ties between the United States and Africa.
Doing Business in Africa while Building African Capacity to Trade
The Doing Business in Africa (DBIA) Campaign is an unprecedented whole-of-government approach to strengthening the U.S. commercial relationship with Africa, a diverse region that offers substantial trade and investment opportunities across national and regional markets. Africa is home to nine of the twenty fastest-growing economies in the world, and provides substantial opportunities for U.S. companies.
At the 2014 U.S.-Africa Business Forum (USABF) and U.S.-Africa Leaders Summit, U.S. Government departments and agencies made $7 billion in commitments on the continent, many of which are nearing completion. Following the success of the USABF, the President has announced he will attend the next U.S.-Africa Business Forum in 2016, which will take place in the United States. Read more. Source | White House