Tuesday, 10 August 2010


Barack Obama
United States of America President Barrack Obama has urged African governments to make their economies more competitive by lowering the trade barriers between each other alongside with improving infrastructure and combating corruption.
Mr. Obama applauded trade growth between the US and the Sub-Saharan African under AGOA.
Mr. Obama said this in Washington when he conferred with African Growth and Opportunity Act (AGOA) Forum Ministers among them, Zambia’s Commerce, Trade and Industry Minister Felix Mutati and other high level ministers who met the US President.
Felix Mutati
This is contained in a press statement released by First Secretary for Press at the Zambian Embassy in United States of America Ben Kangwa and made available to ZANIS in Lusaka today.
Mr. Obama however, noted that his new policy on global development will compliment AGOA by focusing on economic growth and good governance.
The US President disclosed that he will target investments where the conditions for growth are right in the quest to create a conducive environment for emerging markets in the next generation.
Mr. Obama underscored the need for private savings, investment and trade reiterating his commitment to an ambitious Doha Round that would benefit low income countries including countries in the Sub-Saharan region.
The AGOA Forum of Ministers opened on August 2 in Washington DC with US and African officials pledging to make US trade preference programme work even better to stimulate economic growth and development on both sides

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