Mozambique spells out new Agoa strategy
15 May 2018 - by
Mozambique’s new Agoa Utilisation Strategy (published on May 14) will prioritise key sectors and products for potential trade expansion to the United States. These include over 6 500 products in the textiles/apparel, manufacturing, speciality foods and agro-processing, and precious metals sectors.
Although the African Growth and Opportunity Act was enacted in 2000, under the country’s previous Agoa strategy only $1 million of Mozambique’s $100 000 million exports to the United States took advantage of the agreement’s duty-free access. As a result the US government met with its Mozambican counterparts to develop a more effective strategy.
US ambassador to Mozambique, Dean Pittman, said that trade incentives to access the American market would lead to increased investments in Africa, “creating more jobs and economic opportunities