LOGISTICS firm DHL believes trade between Sub Sahara Africa and the US is set to increase adding that it is witnessing a lot of this growth in its own operations. DHL said this will happen as both regions endeavour to build upon the recent US presidential policy directive to achieve sustainable development through increased trade and investment.
"Since 2000 many African countries have seen a significant shift in trade partners," said DHL managing director for Sub Saharan Africa Charles Brewer. "Our dependency on Europe has been reduced, while trade with Asia as well as intra-Africa has picked up significantly. The next region for growth is the US and we're very pleased to see the US government's willingness to break down trade barriers to achieve this."
DHL said it has recorded growth in both inbound and outbound volumes of shipments between the US and South Africa, Nigeria, Ethiopia, Kenya, Ghana and Angola. The company said it has also noted "meteoric" rises in export shipments between the US and smaller rising economies such as Somalia, Mayotte, Guinea-Bissau, South Sudan,Comoros, Eritrea and Liberia.
Brewer said that he is confident that once the AGOA (Africa Growth and Opportunity Act) pact is reviewed, there will be growth in mutual benefits between the US and African businesses.