Media / Announcements

African Trade and Investment Caucus

Friday, September 14, 2012

African Trade and Investment Caucus: “AGOA – Strategies for US-Africa – 2012 and Beyond”

Venue: Embassy of Congo-Brazzaville, located at 1720 Sixteenth Street, N.W., Washington, D.C., USA

Date/Time: Wednesday, September 19th, 9:30am-12noon
 
Description: The focus of this African Trade and Investment Caucus will be to look beyond AGOA in order to project a new trade relationship with Africa that builds on the successes and challenges of AGOA – but go further in offering some tangible benefits for African small and medium-sized entrepreneurs on the ground in Africa.  The African Growth and Opportunity Act (AGOA) has served as a crucial engine of growth for Africa over the past decade, generating more than three hundred thousand jobs on the continent and an estimated four hundred billion in exports from the region.  Investors are beginning to open their eyes to the reality that Africa is the most profitable place to invest; showing the best growth rates and yielding the highest profits world-wide. Unfortunately, many global investors still shy away from Africa, falling victim to the continent's outdated image of war, corruption, political instability, financial chaos and universal poverty and suffering.  This caucus is an appropriate time to discuss the future of AGOA and the role of Africa’s regional economic communities (ECOWAS, SADC, COMESA, etc.) as well as ongoing African economic policy imperatives for the Obama administration and Congress.  The United States is committed to working with its African partners to maximize the opportunities created by the African Growth and Opportunity Act but realizes that fundamental changes will be necessary in order to achieve long term goals of economic stability and prosperity. 
 
Introduction of Host:  Robin Sanders, Former U.S. Ambassador to the Republic of Congo-Brazzaville (2002-2005)
 
Host Remarks:            His Excellency Serge MombouliRepublic of the Congo Ambassador to the United States
 
Moderator:                   Mwangi Kimenyi, Senior Fellow and Director, The Africa Growth Initiative, Brookings Institution
 
Panelists:                     Florizelle LiserAssistant U.S. Trade Representative for Africa                               
Governor Prince Olagunsoye OyinlolaFormer Governor of Ogun State, Federal Republic of Nigeria 
Lemma Senbet, Director, Center for Financial Policy, Robert Smith School of Business, University of Maryland 
Stephen LandePresident, Manchester Trade 
Katrin KuhlmannPresident, TransFarm Africa
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