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U.S. to counter China's growth in East Africa with trade treaty
by Joseph Earnest May 23, 2012
Newscast Media WASHINGTON D.C.—The U.S. is accelerating the prospects of regional trade integration in East Africa, with a proposed White House regional trade package with the East African Community (EAC), as well as the White House Partnership for Growth Initiative in Tanzania, the U.S. International Trade Administration (ITA).
Assistant Secretary of Commerce Michael Camuñez has just concluded a visit to East Africa, with the a package that is sure to slow down nations like China that are heavily invested in the region.
"Momentum is clearly trending strongly in Africa's favor, and there are extraordinary opportunities to achieve a level of growth and development that can lift millions of people out of poverty. For these and other reasons, engaging Africa is a priority not just for me and and the Department of Commerce but for the entire Obama Administration," said Camuñez on his trip to Nairobi, Kenya.
"The East African Community represents enormous long-term potential for U.S. industry, and these proposed initiatives will help significantly accelerate the process of regional integration, making the EAC one of the most important trading blocs in Africa," Camuñez said.
Camuñez also delivered keynote remarks on the role of public-private
partnerships in U.S.-Kenyan trade at a structured finance seminar hosted
by the U.S. Department of Commerce and the Kenyan government's "Vision
2030." In addition, he held bilateral meetings with Kenyan officials to
address key market access concerns on intellectual property rights and
transparency.
In Arusha, Tanzania, Camuñez met with the secretary-general of the EAC
to further advance the regional trade package in anticipation of
upcoming African Growth and Opportunity Act (AGOA) meetings. In Dar es
Salaam, Tanzania, Camuñez met with Tanzanian President Jakaya Kikwete to
discuss the country’s successful progress on the White House
Partnership for Growth (PFG) Initiative, a White House–led development
initiative.
The governments of Tanzania and the United States continue to be engaged at the highest levels, ITA said, and have worked laboriously on mapping out the details of addressing two key constraints to growth in Tanzania: an inadequate supply of power and an underdeveloped rural road network. Add Comments>>
Source: U.S. State Department
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