Agoa expo opens doors for African businesses to tap into US market

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527 African companies exhibited their wares and products at the three-day 20th Agoa forum held in Johannesburg.

For Lily MacRae, no opportunity to showcase her product has been bigger than the African Growth and Opportunity Act Made in Africa Agoa Expo.

It is expected the forum will today announce far-reaching resolutions on trade between the US and 35 eligible sub-Saharan African countries.“We see being part of Agoa’s Made in Africa Expo as an important opportunity to open doors for exports into the USA,” said MacRae.“We are grateful to have been chosen for the SA National Pavilion by the department of trade, industry and competition – as consultant to Fantastic Flavours.

“We are proud to be creating many jobs for local people,” said MacRae. “Agoa will help us with export contacts and networking. The US export market will help us in keeping our prices competitive because we will not have to pay customs duties.

“As part of the Made in Africa Expo, Samsung has been showcasing TVs and monitors manufactured right here in South Africa, at the Samsung factory in Durban.“Export to the US requires scale, but having the duty-free treatment of the products we produce in South Africa allows us to potentially compete with our American manufacturing counterparts.”

 

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SABC News - Breaking news, special reports, world, business, sportThe 20th AGOA Forum commences today in Johannesburg.
Fonte: SABC News Online - 🏆 32. / 51 Consulte Mais informação »