17/09/2019 LAUNCH OF THE 18TH EDITION OF THE AGOA FORUM
CEPICI’s Chief Executive Officer, also Secretary of State to the Prime Minister for Private Investment Promotion, has proceeded to the opening of AGOA’s Private Forum on trade between the USA and Africa on Sunday 04 August at “La Maison de l’Entreprise” in Abidjan, Côte d’Ivoire.
Organized as a prelude to the 18th African Growth Opportunities Act (AGOA) Forum, which is being held in Abidjan from 4 to 6 August, this forum aims to explore new strategies for developing trade between the two continents and increase private investment in Africa. .
In his opening address, the Secretary of State to the Prime Minister for Private Investment Promotion, noted that investment opportunities in Africa are numerous.
However, given the low rate of processing of raw materials, and the lack of technology in sectors such as industry, transport, health, energy, among others, Africa expects a lot from the American private sector which expertise in these areas is well established.
Following a question on the management of country risk by the Ivorian state, Mr Emmanuel ESSIS, replied that the country's economy is constantly improving with a record investment of nearly 800 billion FCFA of investments in 2018 and more than 300 investors are daily received at the One Stop Shop for Business Creation.
Also, according to the United Nations, the security index of Côte d'Ivoire in 2010 was close to 4 against 1.1 today, the same as in Geneva and New York.
He reassured that the Ivorian government is working to make 2020 a transparent, inclusive and peaceful election year, while recalling that measures are being put in place through the digitization of administrative acts in order to ensure good governance.
Let’s recall that the 18th AGOA Forum is under the theme, "AGOA and the Future: Developing a New Paradigm to Guide Trade and Investment Relations between the United States and Africa".
Voted and proclaimed in 2000, AGOA is an American law approved by Congress on the initiative of former President Bill Clinton. It allows sub-Saharan African countries to export to the US market without customs duty. This law concerns more than 6,300 products.