HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

U.S. is discovering that Africa is open for business

Published on May 04, 2015

The East African Community countries recently signed a deal with the U.S. in which we committed to reducing trade barriers and to cooperate with the U.S. on customs issues, easing red tape and streamlining trade standards. The U.S. will help with training on food safety, and animal and plant health standards.

U.S. Trade Representative Michael Froman said the agreement was “an important steppingstone for deepening what has already proven itself to be a promising and impactful partnership,” according to the Wall Street Journal. The trade initiative, he added, would be expanded to include other African countries.

The Obama administration has reached out to Africa through the Power Africa and Trade Africa initiatives to encourage trade and investment.

As U.S. ambassador to Uganda, Scott DeLisi has said: “As we look to the future, it is clear that Africa is more important than ever to the prosperity of the international community and to the United States. Africa’s economies are among the fastest growing in the world. Uganda, which has such tremendous potential, is of particular interest, with fertile soils, abundant water, a strategic location in the heart of East Africa, a university recognized across the continent for its excellence, and, most importantly, hardworking people with an entrepreneurial spirit.” Read more. Source | Star Tribune Business