
Stakeholders to the 10th Africa Growth Opportunity Act (AGOA) Forum which officially closed in Zambia’s capital city, Lusaka have called on African countries to expedite regulatory and policy reforms that foster private sector development, encourage domestic and foreign direct investment.
The Stakeholders from the US and 37 eligible African member countries also urged the US private sector to invest in Sub Sahara African (SSA) countries, and to help create demand in the US- African products .
This is contained in a Communique issued by the Civil Society Forum to the 10th AGOA Ministerial Forum and delivered to Journalists by Commerce Permanent Secretary Buleti Nsemukila shortly after the official closing of the high level meeting at Mulungushi International Conference Centre in Lusaka yesterday
ZANIS reports that the stakeholders called on SSA governments to reform their investment polices to encourage both domestic and foreign direct investment through public private partnerships and manufacturing plants in Africa.
The Communique further said AGOA Countries called for the diversification of Imports under the initiative from eligible
countries to include products by small and medium enterprises (SMEs) from various sectors.
Meanwhile, The Civil Society Forum has further recommended to the United States to facilitate a frame work under AGOA for empowerment of young African business professionals and entrepreneurs through entrepreneurship, skills development, Knowledge exchange mentorship and internship progrmmes .
They called on SSA governments to undertake assessment regarding trade and gender , specifically women and gender to provide support to women through Skill enhancement and access to finance adding that this will ensure that opportunities for women in trade are maximised.
They further called upon United States government to consider extending the third Country Fabric provision from 2012 to 2015 and the AGOA provisions beyond the current dead line.
The forum also applauded the US administration ‘s recent commitment to working with the Us congress on extending the third fabric provision to 2015 and urged the Us to extend both AGOA dead line and the third fabric countries provision to 2025.
The 10th AGOA forum which closed today brought together civil society, private sector, young professionals and entrepreneurs who are important to the sustainability of Sub-Africa’s development process.
Zambia and the US governments were also commended for facilitating the process.
ZANIS