Lawmaker unveils US economic engagement plan with Africa to counter China

ADVERTISEMENT
The recommendations include: 
  • Supporting African-led efforts to improve the business climate on the continent and removing barriers to trade;
  • Reauthorizing and strengthening the African Growth and Opportunity Act (AGOA), a system of trade preferences for eligible countries, well in advance of its 2015 expiration;
  • Improving coordination between U.S. government agencies and developing a comprehensive interagency strategy for increased investment in sub-Saharan Africa;
  • Increasing the presence of U.S. Foreign Commercial Service Officers in sub-Saharan Africa to help U.S. companies navigate the business climate in the region;
  • Increasing support for agencies that provide financing to encourage U.S. commercial engagement overseas, mitigate investment risks, and generate a profit for American taxpayers; and
  • Engaging the African diaspora community in the U.S. to strengthen economic ties.

More in Cybersecurity

Taiwan seeks stronger cyber ties to counter China

Read more »