Africa and the US trade
Africa is a continent that answers the need for
all raw materials required by advanced countries, including the United States
of America.
In regard to Africa's economic growth, the US will maintain a good
relationship with Africa, said Ron Kirk, US Trade Representative in his recent
official tour to Tanzania.
Discussing the importance of trade-in
promoting economic growth in Africa and the US, with international trade,
students from the University of Dar es Salaam and Mzumbe University, ambassador
Ron Kirk said there was an urgent need to prepare the next generation of
government and business leaders for the demands of an increasingly competitive
global economy.
Tanzania is one of the numerous African
countries blessed with extraordinary natural resources that the US wants to
maintain good relations with. As the next generation leaders, you need to
lead the way in taking advantage of those resources, so that Tanzania can
realize its full potential," said Ron Kirk to the students.
Kirk, whose trip was highlighted the
strong partnership between US and Tanzania focused on the progress made under
AGOA, but also discussed the need to do more to increase US exports to Africa,
in order to support America's economic recovery at home.
He commended Tanzania
for being one of the only four countries worldwide to be selected for president
Obama's new Partnership for Growth (PFG) initiative, which seeks to promote
broad-based economic growth in developing countries.
The other countries for PFG are Ghana,
El Salvador, and the Philipines. The US exports to Tanzania grew by 3.6 percent
between 2009 and 2010, rising to 164 million dollars.