Namibia: Agoa Report Sent to US Congress

Windhoek — The 2006 Comprehensive Report on US Trade and Investment Policy Toward Sub-Saharan Africa and Implementation of the African Growth and Opportunity Act (AGOA) has been submitted to the US congress. The report compiled by the US Trade Representative notes that two-way trade between the US and sub-Saharan African countries has increased 115% since AGOA's launch in 2000.

It also describes the wide array of US programs that are assisting African countries to bolster economic growth and development through trade. "AGOA helps Africans use the power of trade to grow their economies and reduce poverty," said US Trade Representative Rob Portman in a statement. " It also supports the efforts of those African countries undertaking difficult economic and political reforms. As these countries open their economies and increase their capacity to trade, opportunities are also arising for American exports to Africa." "The United States recognizes how aid for trade helps developing countries participate more fully in the global trading system," Portman noted. "That's why we committed $199 million to trade capacity building activities in sub-Saharan Africa last year."

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