Published on February 06, 2019
Spotlight on the textile and apparel sector is an infographic by the Trade Law Centre. It highlights the status of the trade of textiles and apparels between Africa and the U.S. under the African Growth and Opportunity Act (AGOA).
For the sub-Saharan Africa apparel manufacturing sector, AGOA has been the single most successful factor that has driven export-led growth. The substantial preference margin over competing exports from other countries, stemming from removal of U.S. import duties on qualifying African exports combined with favorable Rules of Origin provisions, has been a critical pillar of support for manufacturers. By 2017, Kenya has become the largest exporter to the U.S., followed by Lesotho (most apparel exports from an AGOA beneficiary since 2001) and Madagascar. Ethiopia, Madagascar and Ghana (albeit off a low base) have shown the strongest year-on-year growth over the most recent period.
Published on January 16, 2019
Foresight Africa 2019 is a report by the Brookings Institution highlighting the triumphs of the past years as well as strategies from our experts to tackle the remaining obstacles that influence outcomes in various sectors such as trade, governance, youth development and climate change.
On matters trade and investment, the authors assess the potential of the African Continental Free Trade Agreement (AfCFTA) and look at the implications of the new free trade agreement. AfCFTA stands to knock down barriers to intracontinental trade and investment, thus accelerating industrialization, and facilitating economic diversification and inclusion.
Published on January 09, 2019
Further upward acceleration of global inflation from record low levels may impair efforts in emerging and developing economies to sustain the low inflation environment achieved over the past several decades.The adverse effects of high inflation can fall disproportionately on the poor, who hold most of their assets in cash and rely heavily on wage income, welfare benefits, and pensions. High inflation has historically also been associated with slower economic growth, making efforts to maintain low and stable inflation crucial for reducing poverty and inequality. Read the World Bank's Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies, here.
Published on January 09, 2019
Looking for statistics on least developed countries? The United Nations Conference on Trade and Development (UNCTAD) has them for you in their Statistical Tables on the Least Developed Countries 2018. Click on the report cover to read more.
Published on October 31, 2018
Economic empowerment of women is essential to the growth of East Africa.The USAID East Africa Trade and Investment Hub (the USAID Hub) contributes to women’s self-reliance and economic empowerment by increasing their access to productive economic resources, namely: assets, credit, income and employment. The below brief outlines USAID Hub technical assistance and training to women in three areas: cross-border trade, firm-level support and access to finance. These three areas offer significant income generation opportunities for women and contribute to overall economic growth in East Africa.
Published on October 11, 2018
The USAID Hub creates videos to showcase East African firm capabilities and development outcomes, with a focus on African Growth and Opportunity Act (AGOA) sourcing opportunities. For a roundup of our apparel and coffee sourcing videos, click here.
Published on August 16, 2018
The Global Economic Prospects June 2018 is a report by the World Bank Group. It asserts that the global economy seems to be leaving the legacy of the global financial crisis of the past decade behind. About half the world’s countries are experiencing an increase in growth. All the consensus forecasts for 2018 and 2019 reflect optimism. Yet, while current growth appears robust, potential growth will be lower. Underlying factors such as demographics (declining labor supply in many, large countries) and the legacy of low investment growth in the past contribute to this limited potential growth. These risks mean that actual growth may be even lower.
This edition of Global Economic Prospects includes sections on the role of the largest emerging markets in global commodity markets and the implications of high corporate debt for financial stability and investment.
Published on July 31, 2018
Published on July 19, 2018
The 2018 Biennial Report on The Implementation Of The African Growth And Opportunity Act is a report prepared by the Office of the United States Trade Representative. The report provides a description of the status of trade and investment between the United States and sub-Saharan Africa, changes in country eligibility for AGOA benefits, an analysis of country compliance with the AGOA eligibility criteria, an overview of regional integration efforts in sub-Saharan Africa, and a summary of U.S. trade capacity building efforts.
Published on July 12, 2018
The Hub highlights the impact of technical requirements and standards on businesses within the East African Community (EAC) in a case study that examines how private sector pharmaceutical firms in Uganda are complying with regulations set by the Tanzania Food and Drug Authority (TFDA). The study reveals that to access the Tanzanian market, medicines certified by the EAC Partner States’ institutions are subject to (i) lengthy, cumbersome and duplicative registration requirements; (ii) costly registration fees; (iii) discrimination (i.e. EAC products and manufacturers are not recognized as “domestic” in Tanzania Regulations); and (iv) a lack of recognition of their countries’ standards. These regulations impose costs upon businesses and impede the flow of goods across borders, detracting from the EAC's push for integration and violating the WTO Technical Barriers to Trade (TBT) Agreement. The study recommends that Tanzania eliminate its registration requirements and calls for further harmonization of drug registration policies and standards among EAC Partner States.