African markets are growing rapidly at unprecedented rates and U.S. companies are being encouraged to make investments and do business there. In fact, six of the world’s ten fastest growing economies are in Sub-Saharan Africa. Africa is a continent of diverse resources and opportunities but doing business there also poses compliance and business risks. To be successful, companies engaged business activities on the continent must conduct due diligence and address such risks. In addition, U.S. Congress will consider the renewal of the African Growth & Opportunity Act (AGOA), which is set to expire in September 2015. AGOA provides duty preference into the U.S. market for most products coming from Sub-Saharan Africa. If renewed, what will the new AGOA look like? The Suarez Firm can help in analyzing the opportunities and addressing the risks.
- Africa’s Golden Opportunity To Engage the United States on Trade and Investment at the U.S. – Africa Leaders Summit