ITC reviews U.S./sub-Saharan Africa trade and development policy

ITC reviews U.S./sub-Saharan Africa trade and development policy    The U.S. International Trade Commission has released its fourth report in a series covering U.S. trade and development policy in the sub-Saharan African countries.
   The ITC report provides an update for 2002 on the U.S./sub-Saharan African trade and investment under the African Growth and Opportunity Act (AGOA) and other related initiatives.
   The report contains economic profiles for each of the 48 sub-Saharan African countries and sector profiles, including agriculture, fisheries, forest products, chemicals, petroleum, minerals and metals, textiles and apparel, and certain transportation equipment.
   In 2002, the U.S./sub-Saharan African trade totaled $24.1 billion, down from $27.8 billion in 2001, the ITC report said. Total U.S. imports from these countries eligible for AGOA benefits totaled almost $9 billion in 2002, an increase of 9.9 percent from $8.2 billion in 2001. The largest share of U.S. imports under AGOA came from Nigeria (60.2 percent), followed by South Africa (14.9 percent) and Gabon (12.7 percent). Other major suppliers were Lesotho, Kenya, Cameroon, Mauritius and the Congo Republic.
   U.S. government agencies continued to fund and implement a broad range of trade capacity-building initiatives in sub-Saharan Africa. The region received $105.5 million in fiscal year 2002.
   For a complete review of the report, “U.S.-Trade and Investment with Sub-Saharan Africa” (Investigation No. 332-415), access online: https://www.usitc.gov.