East African countries are working on a joint strategy to exploit the US preferential market access, which Washington has extended for another 10 years.
The strategy to be adopted in September by the five partner states will help consolidate their products and enable them to export as a bloc to meet US demand under the African Growth and Opportunity Act (AGOA).
According to James Kiiru, from Kenya’s Ministry of Foreign Affairs, the partner states will retire their current national Agoa strategies and switch to the regional one.
“The aim is for the region to invest in economies of scale to supply the US market,” said Mr Kiiru adding, “It will reduce the cost of exporting to the US, especially on transport and at the same time save time for exporters.” Read more. Source | The East African