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Companies, Groups On Trade Mission in Africa



(NAFB)--Deputy Secretary of Agriculture Krysta Harden is leading a trade mission to promote U.S. agricultural trade and investment in sub-Saharan Africa this week (September 16-20).

This mission is launching USDA’s Sub-Saharan Africa Trade Initiative - which aims to expand U.S. agricultural commercial ties in the region. The USDA delegation is traveling to South Africa and Mozambique to learn first-hand about the region’s rapidly evolving market conditions and business environment. USDA says this information will enable agribusinesses to develop export strategies for the region. Harden says many U.S. agribusinesses - especially small and medium-sized enterprises - are beginning to appreciate the opportunities for trade and investment in Africa. She says this initiative will establish relationships between U.S. and African businesses and support agricultural growth throughout the region. Eighteen U.S. companies and 16 U.S. agricultural commodity trade associations representing a variety of agricultural products will participate in the mission and meet with African buyers during the week.
 
According to USDA - the strong economic outlook, growing middle class and surging demand for consumer-oriented foods in sub-Saharan Africa creates a promising market for U.S. food and agricultural products. U.S. agricultural exports to the region have increased by more than 200-percent over the past decade. Last year - bilateral agricultural trade between the U.S. and sub-Saharan Africa totaled more than 4.75-billion dollars.

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Topics : Business_Finance
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Locations : Sub-saharan Africa
People : Krysta Harden
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