Trade an Investment with the AGOA Countries in Africa Conference Understanding AGOA and Where the Opportunities Are Michael J. Blakeley Nathan Associates Inc.
Understanding AGOA • Basic principles: • Preferential trade arrangement • Duty-free access for products made in qualifying countries/ GSP+ • Sub-Saharan African countries which must be evaluated against rigorous criteria • Products must meet ROO requirements* • Development tool
What Opportunity does AGOA Provide? • Manufacturing in Africa becomes more attractive due to duty benefits; • Sourcing finished products also attractive; • Selling to firms producing for the US; • More U.S. government support available for investment or exports.
Best Sourcing Opportunities • Apparel • Footwear • Vehicles • Fruits and nuts • Prepared vegetables • Leather products • Cut flowers • Prepared seafood
Success Stories • U.S. Side: • Food Emporium New York • Apparel companies/GAP • Africa Side: • Malian handicrafts/Hallmark • Botswana furniture maker
Ranking Business Opportunities • Manufacturing for U.S. Market • Competitive Import Sourcing • Export to Manufacturers Serving U.S. • Investment