Ago Apresentation Liser

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Ago Apresentation Liser

  1. 1. Diversification of African Exports under AGOA Presentation by Florizelle Liser Assistant U.S. Trade Representative for Africa at the Leon H. Sullivan Summit VIII Arusha, Tanzania June 2, 2008
  2. 2. Trade & Development <ul><li>The potential of trade to alleviate poverty far exceeds that of aid. </li></ul><ul><li>If Africa were to increase its share of global trade by just one percentage point – to 3% – it would generate additional export revenues of $70 billion – equal to 3 times the amount of current annual donor assistance. </li></ul>
  3. 3. AGOA: Catalyst for Trade <ul><li>Objective: To increase and diversify African exports to the United States. </li></ul><ul><li>Eliminates tariffs on almost everything African countries export – over 6,000 products in all. </li></ul><ul><li>Special focus on non-traditional and value-added exports. </li></ul><ul><li>40 sub-Saharan African countries eligible </li></ul>
  4. 4. AGOA Non-Oil Exports
  5. 5. AGOA Results <ul><li>Non-oil AGOA exports (incl. apparel, cars, citrus, fruits and nuts) have more than doubled since 2001; totaled $3.4 billon in 2007. </li></ul><ul><li>34 AGOA-eligible countries exported AGOA or GSP products to the U.S. in 2007. </li></ul><ul><li>Over 98% of exports from AGOA countries entered the U.S. duty-free in 2007. </li></ul>
  6. 6. Agriculture <ul><li>AGOA agricultural exports totaled $271 million in 2007. </li></ul><ul><li>Includes wide range of farm products and processed foods, including: Ethiopian honey, citrus and wine from South Africa, jams from Swaziland, and hot sauces from Malawi. </li></ul><ul><li>U.S. SPS experts posted at the USAID trade hubs. </li></ul>
  7. 7. African Cut Flowers <ul><li>Exports to U.S. growing, up 23% in 2007, to $7.7 million </li></ul><ul><li>Kenya, Ethiopia, Uganda, and South Africa main exporters to U.S. </li></ul>
  8. 8. Cars from South Africa <ul><li>South African exports of cars and car parts have nearly quadrupled under AGOA, reaching almost $600 million in 2007. </li></ul><ul><li>Up 200% in first 3 months of 2008 as Mercedes joins BMW in producing for the U.S. from South Africa. </li></ul>
  9. 9. Tuna from Mauritius <ul><li>In 2006, Mauritius began exports of processed tuna “loins” under AGOA </li></ul><ul><li>New multi-million dollar tuna processing plant employs 1,400 people </li></ul><ul><li>Tuna loins now the 3rd largest Mauritian export to the U.S. after apparel & cut diamonds </li></ul>
  10. 10. Apparel from Lesotho <ul><li>Lesotho is the leading exporter of apparel under AGOA. </li></ul><ul><li>Has nearly tripled AGOA apparel exports since 2001, reaching $380 million in 2007. </li></ul>
  11. 11. Organic Cotton T-Shirts from Uganda <ul><li>In February 2007, first shipment under AGOA of high-end 100% organic </li></ul><ul><li>T-shirts from Uganda </li></ul><ul><li>Example of opportunities with niche markets, organic products </li></ul>
  12. 12. Mudcloth Bags from Mali <ul><li>Being sold in Hallmark stores – largest greeting card company in U.S. </li></ul><ul><li>One of largest single handcrafts purchases ever in Mali. Involves over 500 tailors and dyers. </li></ul>
  13. 13. Tanzania: From Cotton to Apparel <ul><li>Sunflag factory in Arusha – one of few completely vertically integrated apparel factories in Africa </li></ul><ul><li>Transforms Tanzanian cotton into apparel for export </li></ul>
  14. 14. Trade Capacity Building <ul><li>Market access not enough, African firms need help to take advantage of AGOA </li></ul><ul><li>U.S. TCB since 2001: $1.6 billion; $505m in FY2007 </li></ul><ul><li>African Global Competitiveness Initiative </li></ul><ul><li>Regional Trade Hubs </li></ul>
  15. 15. In Sum . . . <ul><li>AGOA provides extraordinary access to U.S. market </li></ul><ul><li>African countries have begun to diversify their exports and are seeing real benefits. </li></ul><ul><li>U.S. will continue to work with African producers and to provide trade capacity building assistance to help all realize AGOA’s full potential. </li></ul>

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