http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.49Change: -0.02
R/$ = 11.88Change: 0.20
Au 1214.08 $/ozChange: 19.92
Pt 1149.50 $/ozChange: 15.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
May 24, 2011

Agoa forum to focus on infrastructure for trade

Back
Africa|Building|Export|Ports|Roads|Sustainable|Africa|Zambia|Energy|Logistics|Services|Infrastructure
Africa|Building|Export|Ports|Roads|Sustainable|Africa|Zambia|Energy|Logistics|Services|Infrastructure
africa-company|building|export|ports|roads|sustainable|africa|zambia|energy|logistics|services|infrastructure
© Reuse this



Trade-facilitating infrastructure development is set to emerge as a central theme of the upcoming African Growth and Opportunity Act (Agoa) Forum that will take place in Lusaka, Zambia, next month.

The forum, which is assembling for the tenth time, could attract up to 800 African and US government, business and civil society leaders, including US Secretary of State Hillary Clinton and Trade Representative Ron Kirk.

Convening under the theme ‘Enhanced trade through increased competitiveness, value addition and deeper regional integration’, the gathering will take place from June 7 to 10, 2011, with a Ministerial session scheduled for June 9 and 10.

In 2010, the US exported goods and services worth $17,1-billion to Africa, while its imports from the region were $64,3-billion – steady growth from exports of $5,9-billion and imports of $23,4-billion prior to the implementation of the Act in 2000. Therefore, the US continues to regard Agoa as the “centrepiece” of its African trade and investment policy and President Barack Obama’s administration is seeking to again extend the Act beyond its 2015 expiration date to 2025.

As with previous forums, the focus will be on promoting trade, business and investment opportunities. But the Lusaka event will also interrogate ways for the 37 sub-Saharan African beneficiaries of Agoa to more fully exploit the favourable terms on offer from the world’s largest economy.

There is a broad acceptance that Africa’s underdeveloped trade-supporting infrastructure – from roads and rail, through to ports and communication networks – is continuing to limit uptake.

Speaking ahead of the gathering, US Trade and Development Agency (USTDA) director Leocadia Zak indicated that the agency is prioritising programmes designed to address these infrastructure deficits.

She reports that the USTDA will use the upcoming forum to create an awareness of its three key priorities for the region. These include building the infrastructure for trade, especially clean energy, logistics networks and broadband networks; matching US technologies to Africa’s infrastructure programmes, and developing sustainable business partnerships.

The US’s official export credit agency, the Export-Import Bank, is also keen to used the Lusaka meeting to highlight its plans for Africa, with executive VP and COO Alice Albright noting recent growth trends in its activities on the continent.

The bank’s exposure has expanded to $3,6-billion, with yearly activity having climbed from historical levels of around $400-million, to $812-million in 2010.

Albright expects Africa-linked distributions to US exporters to increase to between $1-billion and $1,5-billion in 2011, given the current “strong pipeline” in infrastructure.

Corporate Council on Africa (CCA) VP of business development Timothy McCoy says there has also been a marked increase in US business interest in Africa, which is increasingly seen as a potential growth market.

He says US firms will participate in the trade fair and the private sector days planned to coincide with the summit, which will take place at the Mulungushi International Conference Centre.

CCA, a nonprofit association of 160 US firms, aims to encourage business relations and plans to use the event to “shine light on business opportunities in Zambia and the rest of the region”.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Infrastructure News
South Africa’s credit rating is at risk of being downgraded if government fails to pay the debt taken on to fund infrastructure programmes, such as the upgrading of Gauteng’s major highways, National Treasury deputy director-general for tax and financial sector...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
MISCONCEPTIONS The same mistakes are continuously being repeated on construction sites as a result of people not understanding the fundamental concepts of concrete technology
The same mistakes are continuously being repeated on construction sites as a result of people not understanding the fundamental concepts of concrete technology, says the School of Concrete Technology (SCT), which is facilitated by concrete industry technical services...
More
 
 
Latest News
South Africa’s crude steel production dropped by a sizeable 17.2% year-on-year to an estimated 530 000 t in April, amplifying a global trend that saw world steel production decline by a comparatively marginal 1.7% to 135-million tons in the fourth month of the year....
The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96