U.S. Chamber Applauds Deputy Treasury Secretary for Promoting American Investment in Africa

More Must be Done to Ensure a Level Playing Field for U.S. Businesses

WASHINGTON, D.C.—The U.S. Chamber of Commerce's Senior Vice President of International Affairs Myron Brilliant issued the following statement today following his meeting with Deputy Treasury Secretary Neal S. Wolin about American businesses investing in Africa:

"The Chamber applauds Deputy Secretary Wolin's leadership during his recent visit to Africa. He remains a leader in finding ways U.S.-African partnerships can be strengthened in areas such as developing infrastructure, strengthening the financial sector, and improving the investment climate.

"The American business community continues to fight for initiatives such as the African Growth Opportunity Act because we feel that more must be done to help our private sector compete in African markets. All too often, U.S. companies are left to fend for themselves as they compete against companies from other regions that lack the U.S. commitment to economic development and social responsibility.

"With nearly one billion people, Africa is a continent we can no longer overlook. Now, by partnering with the administration, the business community must look for new and innovative investment strategies in the region."

To read more about what executives believe are the risks and opportunities of investment in Africa, please visit: A CONVERSATION BEHIND CLOSED DOORS. Inside the Boardroom: How Corporate America Really Views Africa.

The Chamber's Africa Business Initiative, led by Executive Director Scott Eisner, was created to engage the U.S. business community on policies that foster foreign direct investment in Africa and to facilitate new and expanded trading relations between the U.S. and African countries.

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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