The Chicago Council on Global Affairs, known for bringing together stakeholders to examine issues and offer policy insight, recently released a report that recommends a new approach in US-Africa trade relations under the African Growth and Opportunity Act (AGOA). They recommend that American businesses tap into the growing African agriculture and food market, expected to reach $ 1 trillion by 2030.
The report, Grow Markets, Fight Hunger: A Food Security Framework for U.S.-Africa Trade Relations recommends that the U.S. government build on the AGOA Forum by creating a U.S.-Africa Food Dialogue to advance regional economic integration; reduce technical regulations and standards barriers to agriculture and food trade; and implement trade facilitation measures.
Summary of Report Recommendations
Source:The Chicago Council on Global Affairs.
The council presents evidence that an effort by the United States, focused on boosting regional trade and harmonizing food standards and regulations across countries, will drive economic growth while improving the availability and affordability of nutritious foods throughout Africa.