LUANDA, Angolan Trade minister Fiel Domingos Constantino has left for Lome, Togo, to attend the 16th Africa Growth and Opportunity Act (AGOA) Forum taking place there this week to discuss issues related to trade between eligible African countries and the United States under the Act, a US legislation aimed at promoting exports from these countries to the US.
The meeting, which is taking place from Tuesday to Thursday under the theme, "US-Africa: Partnership for Prosperity through Trade", is focusing on commercial relations, trade and labour, the power of micro, small and medium-sized enterprises (SMMEs), trade facilitation arrangements of the World Trade Organization (WTO) and the application of agricultural biotechnology tools for food security, among others.
The African Growth and Opportunity Act (AGOA) is a legal instrument of US trade policy for eligible sub-Saharan Africa, implemented through the granting of duty-free access for 6,440 products in trade between these countries and the US, thus promoting greater economic co-operation between the two sides.
With the urgent need to expand the range of exportable products by attracting new investments and seeking markets with favourable conditions for Angolan goods, the Minister is being accompanied to Lome by senior officials of the sector, as well as of the Ministries of Foreign Affairs, Transport and Public Administration as well as representatives of the private sector.
Source: NAM NEWS NETWORK