Even with a drop in trade by 32 per cent with Africa in five years, the United States has commitment to increase trade with the continent.
US made the commitment at the just-concluded US-AFRICA Business Summit, a high profile event featuring representatives from both continents that was held in Maputo, Mozambique.
The high profile US Government delegation at the forum were led by US Deputy Secretary of Commerce, Karen Dunn Kelley. Others included the US Agency for International Development (USAID) Administrator, Assistant Secretary of State for Africa, Head of the US Trade and Development Agency (TDA), Overseas Private Investment Corporation (OPIC) Senior VP for Africa, and Assistant US Trade Representative for Africa, among the more than 100 senior USG officials from 8 agencies.
They were joined by more than 1,000 attendees.
Kelley spoke of the U.S. commitment to ensure that trade between America and Africa was mutually beneficial.
“US exports to Africa have decreased by 32% from their 2014 high. And we want to work with you to better understand how to reverse this trend,” Kelley told delegates at the conference.
She announced the outline of a new US Administration initiative dubbed ‘Prosper Africa, which was officially rolled out at the Summit.
USAID Administrator Mark Green later provided Summit delegates with more details on Prosper Africa including its goal to expand US-Africa trade, investment and commercial engagement by leveraging the resources and capabilities of many U.S. government agencies and creating deal teams supporting US private sector investments in Africa.