Minister of Trade, Commerce and Industry, Mr. Felix Mutati is in Washington DC to participate in a panel discussion on the future of AGOA at the Brookings Institute this Friday.
Panellists who include Assistant US Trade Representative for Africa, Office of the US Trade Representative Ms. Florzelle Liser, the President of the Corporate Council on Africa (CCA) Mr. Stephen Hayes and the Director, Africa Growth Initiative Professor Mwangi Kimenyi will discuss whether AGOA alone is enough to promote US-Africa trade. The topic will be “Promoting US-Africa Trade: Is AGOA Enough?”
Additionally, the Minister will join Congressmen Chris Smith and Donald Payne who both sit on the House Sub-Committee on Africa and Global Health as Chair and Ranking Member consecutively in a discussion entitled “US-African Economic Relations: AGOA and Beyond 2015.”
At the Capitol Hill, Minister Mutati will also give opening remarks at yet another session titled “Opening Doors for Investment Through AGOA.”
Zambia will host the tenth annual AGOA Forum this coming June (2011) and will continue the dialogue between the US and African countries on the effectiveness of AGOA and the future opportunities for shared growth and opportunities
Since its implementation in 2000, AGOA has increased investment and trade between the two continents and led to job creation in Africa. The AGOA Act has also played a critical role for economic growth in many African countries.
However, AGOA’s potential expiration in 2015 has many concerned about the future of trade between the US and Africa if the Act is not renewed.