The 2015 Trade Winds program includes an Africa focused business forum consisting of regional and industry specific conference sessions as well as pre-arranged consultations with U.S. Foreign Commercial Service Officers representing commercial markets throughout the region. The multiple trade mission stops will give participants the opportunity to conduct business-to-business meetings with firms in Ethiopia, Tanzania, Mozambique, Angola, Ghana, South Africa, Nigeria, and Kenya.
Between 2001 and 2008, Africa was one of the fastest growing regions of the world with an average annual growth rate of 5.6%. Stable macroeconomic conditions, coupled with structural reforms, formed the basis of this growth. Africa is also the world’s second-largest and second-most-populous continent making ripe with opportunities for U.S exporters. In addition, 26 African states form the Tripartite Free Trade Agreement making trade within Africa much easier and more efficient.
African countries are projected to make up 7 of the 10 fastest growing countries, between 2011-2015, and those countries include Ethiopia, Mozambique, Tanzania, Democratic Republic of Congo, Ghana, Zambia, and Nigeria respectively. The below graph highlights areas of opportunity within Africa, based on several key energy industry sectors. This is by no means a comprehensive list of best industry prospects for the region as opportunities also exist for the Automotive, IT, and Cosmetics/Toiletries industries among others.
Source ExIm Bank (2012)
Participating in the Trade Winds Forum will allow innovative U.S. companies to fully maximize their advantages in this promising and dynamic, region!