By Godson Umejiego, Correspondent UK
The 3rd edition of the acclaimed Trade with Africa Business Summit will virtually convene, trade experts, policy makers and business executives driving global trade with Africa between August 7 and 8, 2020.
In 2000, the United States established the Africa Growth and Opportunity Act (AGOA) to support US trade with Africa. Although some level of success has been accomplished, US still engages at less than 2 per cent of total global trade with Sub-Saharan Africa.
On the US side there are several constraints including lack of awareness, supporting business data, and misconception and information gap. On the African side there is lack of information related to available business partnerships and opportunities for African businesses as well as education on ways to secure investments needed to build the level of capacity required to meet US standards. The Trade with Africa Business Summit provides an effective platform to strengthen linkages by bringing together global stakeholders and supporting service providers to advance trade talks.
“Trade with Africa® is about pursuing mutually beneficial trade opportunities that advances your goals and Africa’s goals. The Trade with Africa Business Summit provides attendees the opportunity to access exclusive market insights, explore commercial opportunities with Africa as well as network on our virtual trade platform: www.nazaru.trade. While the world is laser focused on the US- China trade war, something equally significant that will reshape the global landscape for the next 30 to 50 years is emerging in Africa. With the African Continental Free Trade Agreement (AfCFTA) entering into force, Africa has created the world’s largest trade bloc and there is now a repositioning of the continent, which creates unique and dynamic commercial opportunities. I invite you to register and join us for this one of a kind events just a few days away,” said CEO Nazaru LLC. & Founder Trade with Africa Business Summit, Toyin Umesiri.
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The Trade with Africa® Framework, depicted below, will be presented in detail during the 2020 Trade with Africa Business Summit. After years of working and engaging with critical trade stakeholders, we created this framework to guide future trade and investment facilitation efforts.
Who should attend?: Trade Financing Institutions, US & African Policy Makers, Buyers, Global Business leaders, Trade Experts, Manufacturers, Africans looking to showcase their export items, Technologists, supply chain service providers with solutions that support trade (Transportation, Logistics, Packaging Et cetera), Africans in the diaspora, not-for-profit organizations and friends of Africa looking to connect with the region.
“The timing is right for #Africa to take center stage as the next economic growth region ” said Umesiri.
