Promoting Trade and African Growth

By Liser, Florizelle | Hampton Roads International Security Quarterly, January 1, 2013 | Go to article overview

Promoting Trade and African Growth


Liser, Florizelle, Hampton Roads International Security Quarterly


Florizelle Liser is Assistant U.S. Trade Representative for Africa, Office of the U.S. Trade Representative. This overview of US trade and investment policy toward Africa was presented before the US House of Representatives Committee on Foreign Relations Subcommittee on African Affairs on June 28, 2012.

Chairman Coons, Ranking Member Isakson, and other distinguished members of the subcommittee, thank you for the opportunity to speak with you today about the Obama Administration's strategy to encourage economic growth, trade and investment in Africa. We welcome your interest in and support for advancing the U.S. trade and investment relationship with sub-Saharan Africa.

The Administration's Strategy for Sub-Saharan Africa

On June 14, 2012, President Obama approved a new Presidential Policy Directive (PPD) for sub-Saharan Africa. To advance U.S. interests in Africa, the strategy sets forth four strategic objectives: (1) strengthen democratic institutions; (2) spur economic growth, trade and investment; (3) advance peace and security; and (4) promote opportunity and development.

The new strategy commits the United States to be proactive in the face of the numerous challenges and opportunities facing sub- Saharan Africa. In particular, it directs the United States to expand our efforts to increase economic growth, trade, and investment. USTR is part of an interagency effort - building on the successes of the partnerships we have built in previous years - to foster sustained economic growth and to promote U.S. trade and investment with sub-Saharan Africa.

Spurring Economic Growth, Trade and Investment

Sub-Saharan Africa is expected to grow by more than 5 percent this year, and between 2000 and 2010, 6 of the 10 fastest-growing countries in the world were in Sub-Saharan Africa. Sustained economic growth has the potential to lift millions out of poverty and foster long-term stability. Today's challenge is to ensure that these gains continue and are spread across the continent. The Administration's new strategy addresses these challenges by calling for increased U.S. focus to spur economic growth through expanded trade and investment by (1) promoting an enabling environment for trade and investment; (2) improving economic governance; (3) promoting regional integration; (4) expanding African capacity to effectively access and benefit from global markets; and (5) encouraging U.S. companies to trade with and invest in Africa.

This approach recognizes that it is in the interest of the United States and our African partners to promote regional integration, create new trade and investment opportunities for African and U.S. firms, encourage the diversification of African exports beyond natural resources, and ensure that the benefits from growth are broad-based.

AGOA and The Third Country Fabric Provision

AGOA is the cornerstone of America's trade and investment policy with sub- Saharan Africa. AGOA's performance and effectiveness are closely tied to its Third-Country Fabric (TCF) provision, which is set to expire in September 2012. The TCF provision is crucial to the continued survival of Africa's textile and apparel industry it has generated hundreds of thousands of jobs in sub-Saharan Africa, including in least developed countries, and has helped American retailers reduce their costs, diversify their supply chains, and provide greater low-cost apparel options for U.S. consumers. Swift passage of legislation extending AGOA's TCF provision is necessary and its extension urgently needed to ensure AGOA's continued success and the stability, development, and economic growth of sub-Saharan African countries. We applaud Congress' recent agreement to advance AGOA's third country fabric provision, and appreciate the work that members of this Committee have undertaken to move this important provision forward. [Editor's note: both chambers of Congress voted in August 2012 to extend the TCF provision.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Promoting Trade and African Growth
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.