Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

ITA - International Trade Administration : Senior Obama Official Leads Discussion on Trade and Investment with Africa

07/30/2013 | 06:46pm US/Eastern

For Immediate Release: July 30, 2013
Contact: Mara Lee (202) 482-3809

Under Secretary of Commerce Francisco Sánchez Highlights Doing Business in Africa Campaign

WASHINGTON - Under Secretary of Commerce for International Trade Francisco Sánchez provided an update on the U.S. Commerce Department-led Doing Business in Africa (DBIA) Campaign during remarks at a DBIA Forum at the U.S. Chamber of Commerce today.

The DBIA Campaign is spearheaded by the Commerce Department's International Trade Administration (ITA). It reflects an unprecedented whole-of-government approach to increase the level of U.S. trade promotion to the region, address market barriers, and expand the availability of trade financing.

"You are here today because you realize that if you want to expand your businesses overseas, Africa is a key destination," Sánchez said to Forum participants. "The Commerce Department launched the DBIA Campaign to better promote the opportunities of trade and investment with Africa - and help U.S. companies seize them to increase exports and create American jobs."

The Forum included panel discussions with representatives from U.S. businesses that have successfully entered the African trade market to share their insights and best practices. In addition, government representatives gave an overview of resources to help companies take advantage of opportunities in the infrastructure and power sectors, including the Power Africa initiative President Obama recently launched. Discussions also highlighted the administration's overall goals for the U.S.-Africa relationship and the uniqueness of the DBIA Campaign.

During the past eight months, ITA has partnered with American companies, especially small and medium-sized enterprises, to explore trade and investment opportunities in the African market. To that end, ITA has hosted more than 32 delegations with 750 buyers from sub-Saharan Africa at International Buyer Program shows, which connect companies to potential trade partners in Africa.  Future trade missions are planned to help bring companies eager to invest in the Region to sub-Saharan Africa.

Sub-Saharan Africa is one of the fastest-growing regions on the globe and is home to seven of the 10 most rapidly growing markets in the world. Sub-Saharan Africa economic growth is expected be more than 5.6 percent in 2013, and as much as 6.1 percent in 2014. U.S. trade with Africa has tripled during the past decade. The United States exported nearly $23 billion in goods and services to the region last year.

To learn more about the DBIA Campaign, please visit http://export.gov/africa.

 ###

International Trade Administration

The International Trade Administration (ITA) is the premier resource for American companies competing in the global marketplace. ITA has 2,400 employees assisting U.S. exporters in more than 100 U.S. cities and 70 countries worldwide. www.trade.gov.

distributed by
React to this article
Latest news
Date Title
10:51a BLUR : Notice of the General Meeting (blur proposed placing)
10:48a TRADING ALERT : The Rosen Law Firm Reminds ForceField Energy Inc. Investors of the Important June 16, 2015 Deadline in the Class Action Filed by the Firm -- FNRG
10:41a WELLS FARGO : BRIEF: Afghanistan-wounded vet to get free home at West Palm Beach concert
10:39a Schaeuble - no alternatives to Greece fulfilling reform vows
10:38a INDEPENDENCE ENERGY : Sen. Stabenow Introduces Bill to Amend Energy Independence and Security Act of 2007
10:36a CIEL : Region's 'Social Entrepreneur of the Year' honoured at WEF
10:36a TRIPADVISOR : Dana Guesthouse, Feynan Eco-lodge awarded TripAdvisor 2015 Certificate of Excellence
10:33a PHILADELPHIA PHARMACEUTICALS : marks profitability boom with bonus shares
10:32a Gov. Walker strengthens ties with oil industry in Slope tour
10:03a HANWHA : to foster solar power hub in Chungcheong
Latest news
Advertisement
Hot News 
AMUR MINERALS : Kun-Manie Production Licence Awarded
CTRIP : Expedia Announces eLong Transaction
HAVELOCK EUROPA : Looks to the Future of Manufacturing in Fife
MIKRON : visiting a great British dish and a national institution ; DRAMA
SOITEC : Frances Soitec to sell solar activities to ConcenSolar
Most Read News
05/22 SAJAN : Wrenching case of man dying in Austin hospital spurs feud over care
05/22 BLACKBERRY : cuts jobs worldwide as it consolidates businesses
05/22 ETSY : BRIEF: Amazon reportedly set to debut Etsy rival dubbed Handmade
05/22 SIMON PROPERTY : Officials: Whistle-blower in Simon Property Group theft case found dead
05/22 TELEFONICA : Landing of submarine fiber-optic cable in Puerto Rico delayed
Most recommended articles
10:39a Schaeuble - no alternatives to Greece fulfilling reform vows
09:35a Greek PM says on final stretch toward deal with lenders
09:25a Greek PM says on final stretch towards deal with lenders
08:41aDJU.S. Senate's Passage of Trade Legislation Good Signal for TPP -- Update
08:36a No Pacific trade deal meeting until U.S. fast-track passes - Chile