With retail in the strained position it’s presently in and a promotional cycle that’s got stores stuck for selling product at full price, the way forward for retailers will be to look for duty savings.Knowing that, and highlighting its duty advantages to both the U.S. and the EU markets, African apparel manufacturers are looking to improve their presence and their offering.
To undertake both efforts, the Africa Pavilion will bring together 80 exhibitors from all over the continent in an effort to feature the region’s “next-generation apparel sourcing,” at Sourcing at Magic in Las Vegas Feb. 20-23.
Trade experts have said sourcing in Africa could quadruple over the 10 years of the African Growth and Opportunity Act (AGOA), which affords eligible African countries duty free sourcing to the U.S. AGOA was renewed in 2015 and will remain in place until 2025 when it will come up for renewal consideration again. Read more. Source | Sourcing Journal
The Uganda Coffee Development Authority (UCDA) is set to embark on registering coffee farmers across the country in a bid to document the activity for proper planning.
Currently, there is no conclusive documented data that show the number of coffee farmers in Uganda and the prominent coffee types in Uganda. Mr Emanuel Lyamulemye, the UCDA managing director, said this exercise will start as a pilot project at the end of this month in Mukono District and later be rolled out to the entire country.
He revealed that in executing this exercise, they intend to use elite graduates in the community, who will use a newly developed application on smart phones to register farmers.
The exercise will capture a farmer’s bio data, location, farming practice, acreage, the number of trees, types of coffee being grown, the age of the coffee trees and other basic details. Read more. Source | Daily Monitor
The South African Minister of Trade and Industry, Dr Rob Davies, has emphasised the importance of export diversification and industrialization in Africa.
He was speaking in Addis Ababa, Ethiopia recently, where he was moderating the Africa Trade Week Panel Discussion on Africa Growth and Opportunity Act (AGOA) and the Continental Free Trade Area (CFTA).
The session considered AGOA implementation over the remaining period of the legislation granting the trade preference up to 2025. It also reflected on the future of Africa-US trade relations beyond AGOA based on the type of trade arrangements that would support Africa’s regional integration agenda. Minister Davies said African countries need to increase their utilisation of the trade preferences granted by the United States (US) under AGOA to attract Foreign Direct Investments into priority sectors that are eligible under AGOA and that can favour industrialisation. Read more. Source | Biz Community
The slowdown of trade and the rise of e-commerce are two contrasting trends that are shaping the future of trade and investment, particularly in Africa.
That’s according to global leaders gathered at the Trade Promotion Organization (TPO) Network World Conference and Awards 2016 in Marrakech, Morocco, on 24-25 November.
‘Slow economic growth, unequal distribution of the benefits of trade and policies that have gradually removed safety nets created the anti-globalization movements of today,’ said Mukhisa Kituyi, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD). Read more. Source | International Trade Centre
East African Community Partner States have been challenged to benchmark themselves with the world’s most advanced economies if they are to grow their economies.
Hon. Amanya Mushega, a former EAC Secretary General, said the EAC needs to revisit and do away with the standard way of judging itself by Sub-Saharan African standards.
“India, Singapore and South Africa, just to mention but a few refused to treat themselves that way. They aimed high, looked at the way the USA, Japan, Germany, UK and the USSR developed their human resources, copied them with the view to competing with them and not fellow third world countries and the results are out,” said Hon. Mushega. Read more. Source | East African Community
The Hub’s specialty food team returned to Madagascar this week to further support the promising companies they met in February during its specialty foods mapping exercise, and to prepare those companies for an upcoming Hub-sponsored buyer’s mission starting October 27. Madagascar has a rich supply of spices, vanilla, organic pineapple and passion puree, single pollen honey, organic spices, coffee, and essential oils, all of which could be strong exports for the U.S. specialty foods market, which welcomes more than 40,000 new products every year.Read more
On October 3, global textile trade show organizer Messe Frankfurt signed a partnership with Trade Fairs Group the official organizer of Africa Sourcing and Fashion Week. This partnership will see Messe Frankfurt host its Texworld, Apparel Sourcing and Texprocess exhibitions to East Africa for the first time as part of the Africa Sourcing and Fashion Week (ASFW) in 2017.
Africa’s biggest textile trade fair, the Africa Sourcing and Fashion Week, is continuing to grow. By collaborating with Messe Frankfurt, this positive development will be accelerated. For us, this partnership marks the start of our textile trade fair activities on an exceptionally interesting continent that is becoming more and more important for the textile industry and whose players will come increasingly to prominence." said Mr. Olaf Schmidt, Vice President of Textiles and Textile Technologies at Messe Frankfurt pictured above.
New on our Knowledge Center: Beyond AGOA - Looking to the Future of U.S.-Africa Trade and Investment
Beyond AGOA: Looking to the Future of U.S.-Africa Trade and Investment is a publication of the office of the United States Trade Representative (USTR). It makes the case for strengthening the U.S.-Africa trade and investment relationship and for rethinking the policy architecture to propel this relationship into the future.
The report examines pathways for advancing U.S.-Africa trade and investment, encourages investment in sub-Saharan Africa and the building of new markets for American products and services. The basic premise is that deepening and expanding trade and investment ties is in the critical interest of both U.S. and sub-Saharan African partners.
It concludes by highlighting the various policy approaches that have been employed by the U.S. and African policymakers to date, most of which are still key in discussing the future beyond AGOA.
The Hub, World Fair Trade Organization Africa, TradeMark East Africa and CBI joined forces to host a new professional trade fair, Source East Africa, on September 23-25 in Arusha, Tanzania.
The trade fair connected 33 exhibitors in the crafts sector with buyers from the U.S, Australia, UK, Sweden and the East African region. Buyers discussed their market needs with the producers, ordered samples, and forged relationships for future business.
Below is a video of the trade fair at a glance :
Join us for Africa Sourcing and Fashion Week (ASFW 2016) , a high-end exhibition and conference for Africa's cotton, textile, apparel, home décor and technology industry from October 4 - 7, in Addis Ababa, Ethiopia.
ASFW will open its doors to the entire cotton, textile, apparel, technology and home décor industry, including whole sale, retail, and boutique stores and the hospitality industry. Over 180 international manufacturers and exporters will present their products and innovations to trade professionals and representatives from the global sourcing industry.
Exhibiting companies represent 25 different countries -- Ethiopia, Kenya, Tanzania, Uganda, Nigeria, South Africa, Zimbabwe, Japan, China, India, Singapore, Sri Lanka, Thailand, Taiwan, Bangladesh, United Arab Emirate, Israel, Turkey, UK, Germany, Italy, Switzerland, Netherlands, Sweden and the United States.
In addition to the exhibition, international experts from the government and private sector will give presentations on the African Growth and Opportunity Act (AGOA), investment, sustainability, partnership, logistics, fashion and sourcing in the African region.
ASFW is in partnership with Ethiopia Textile Development Institute (ETIDI) and Ethiopia Textile and Garment Manufacturers Association (ETGAMA), and has technical and financial support from the Hub.