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Updated:
18 Jan 2008
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African Growth and Opportunity Act
Trade is especially important to developing nations because it has the power to transform economies and reduce poverty, Assistant U.S. Trade Representative for Africa Florizelle Liser says. Speaking on a U.S. Department of State webcast, Liser says that Africa currently makes up about 2 percent of world trade. Increasing that share by just 1 percent would generate about $70 billion annually for the continent -- three times the amount of development assistance it currently receives. "So you can see ... the power of trade," she adds. (complete text)
West African Companies Gain Export Markets with U.S. Assistance
With help from the U.S. Agency for International Development (USAID) West African Trade Hub (WATH) -- a competitiveness assistance center -- Ghana-based Premium Ex-Im Company is getting its products into thousands of homes in the United States by selling to the major U.S. retailers Target and Cost Plus World Market. From two sites -- Accra, Ghana, and Dakar, Senegal -- the West African hub helps businesses in 21 countries take better advantage of the African Growth and Opportunity Act (AGOA). It is one of three USAID trade hubs in Africa. (complete text) Related Items:  Opening Doors to New Markets (1:35)
Small Ghanaian Business Manufactures, Exports Apparel
On the wall of the Sleek Garments factory in Ghana, overlooking a bustling assembly line of 300 workers, is a sign that says "Quality First, Quantity Second." Nora Bannerman, Sleek’s founder and chief executive, is determined to maintain that philosophy as the company shifts into mass production, sewing thousands of shirts bound for large U.S. discount clothing retailer Ross Stores. (complete text) |
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