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African Growth and Opportunity Act (AGOA)

26 April, 2011

A Media Briefing with Millennium Challenge Corporation (MCC) CEO Daniel Yohannes

On Tuesday, April 26th, Millennium Challenge Corporation (MCC) Chief Executive Officer (CEO) Daniel Yohannes spoke with African journalists via teleconference about MCC investments in the region and details of the upcoming 2011 AGOA Forum which will be held in Lusaka, Zambia on June 9 and 10, 2011.

Daniel Yohannes has more than 30 years experience in banking and economic development. He was nominated as Chief Executive Officer of MCC by President Barack Obama on September 18, 2009, and confirmed by the U.S. Senate on November 20, 2009.

The 2011 AGOA Forum on U.S.-sub-Saharan Africa Trade and Economic Cooperation

On June 9-10, 2011, Zambia will host the 2011 African Growth and Opportunity Act (AGOA) Forum, the centerpiece of the United States government's trade policy with sub-Saharan Africa.  The 2011 forum marks the 10th year that government officials, business leaders, and civil society from African countries and the United States will convene to promote trade, business, and investment opportunities that sustain economic development in Africa.  The 2011 Forum’s theme is “Enhanced Trade Through Increased Competitiveness, Value Addition and Deeper Regional Integration.” 

During the conference, there will be sessions for the private sector and civil society as well as involvement of participants of the African Women’s Entrepreneurship Program (AWEP).  AWEP is an outreach, education and engagement initiative that aims to empower African women entrepreneurs to become voices of change in their communities.  Young business leaders will also take part in activities around AGOA.  The civil society and private sector participants will hold meetings on June 8th and then present their findings to the ministerial meetings starting the subsequent day.

The AGOA Forum brings together over 600 participants, including senior U.S. and African officials, as well as U.S. and African members of the private sector and civil society.  AGOA represents a progressive U.S. trade and investment policy toward the continent working to reduce barriers to trade, increase diversified exports, create jobs and expand opportunities for Africans.  AGOA provides trade preferences to 37 Sub-Saharan African countries that are making progress in economic and political reforms.

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