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United States supports trade, investment in East Africa

Published on October 22, 2015

The Ambassador of United States to Ethiopia Patricia M. Haslach joined President Mulatu Teshome at the Origin Africa presents: Africa Sourcing and Fashion Week trade expo to promote East African countries as sourcing and investment destinations for international buyers of apparel, textile, leather, and home decor.

Since its launch in November 2014, the East Africa Trade and Investment Hub has facilitated 170 linkages between buyers and East African firms, yielding $80 million in exports to the U.S. under the African Growth and Opportunity Act (AGOA). More than $16 million of these exports were from Ethiopia. - See more at: http://newbusinessethiopia.com/index.php/trade/27-trade/674/united-states-supports-trade-investment-in-east-africa#sthash.CQAkRPEU.dpuf

 

Since its launch in November 2014, the East Africa Trade and Investment Hub has facilitated 170 linkages between buyers and East African firms, yielding $80 million in exports to the U.S. under the African Growth and Opportunity Act (AGOA). More than $16 million of these exports were from Ethiopia. Through AGOA, the U.S. Government promotes African trade competitiveness, job growth, and poverty reduction. Under AGOA, nearly 6,400 qualifying items can be exported to the U.S. without import duties. Read more. Source | New Business Ethiopia.