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Africa: Seventh Agoa Forum On in DC
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East African Business Week (Kampala)
15 July 2008
Posted to the web 15 July 2008
Senior US administrators and African government ministers will meet in Washington DC this week to discuss ways of mobilising private investment for trade and growth in sub-Saharan Africa.
Discussions will focus on the linkages between private investment and economic growth in Africa and highlight ways in which African countries can best take advantage of trade opportunities under less exploited AGOA.
This will be the seventh US sub-Saharan Africa trade and economic cooperation forum (the African Growth and Opportunity Act AGOA Forum).
The forum, which will be held between July 14 - 16 will also draw representatives from US and African members of the private sector and civil society.
The ministerial plenary sessions will be held on July 15 at the Department of State.
In addition, representatives of civil society and the private sector will host related events on July 14 and 16. Senior officials from more than 10 US government agencies will attend the three-day meet.
AGOA represents a progressive U.S. trade and investment policy toward the continent that is reducing barriers to trade, increasing diversified exports, creating jobs and expanding opportunities for Africans.
Specifically, AGOA provides trade preferences to designated countries that are making progress in economic and political reforms.
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With the recent addition of Togo and the Union of the Comoros, there are currently 41 Sub-Saharan African countries that can take advantage of the trade benefits.
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