Outlines Transformational Projects and Opportunities for U.S. Investment
WASHINGTON, D.C. — The U.S. Chamber of Commerce U.S.-Africa Business Center released a new report today on trade facilitation in East Africa, outlining the work governments in the region have undertaken to improve infrastructure and address economic challenges, and offering recommendations to address and overcome remaining trade barriers.
In the past decade, East Africa’s growth has outpaced the rest of the continent. Regional integration has aided in boosting trade within the region and improved East Africa’s access to global markets. Though some barriers to trade remain, several large-scale infrastructure projects currently underway hold promise for improved trade relationships and economic productivity for East Africa.
“East Africa is a vibrant, fast-growing region of the world with a great deal of untapped potential,” said Scott Eisner, president of the U.S.-Africa Business Center and vice president of African Affairs for the U.S. Chamber. “Though the relationships between the U.S. and East African nations have deepened in recent years, trade between us remains limited. As the region undertakes and completes a set of high-priority infrastructure projects, opportunities will ripen for strategic engagement on the part of the U.S. private sector in a brighter future for East African trade.”
The report highlights a number of large-scale infrastructure projects with the potential to improve trade in the East African region and offers several recommendations for reducing impediments to trade through additional transformative trade infrastructure projects.
Implementation of these recommendations in East Africa, the report says, will create more opportunities for U.S. companies in new and existing infrastructure initiatives, as well as in other industries like tourism, agriculture, manufacturing, and energy.
A copy of the report is available online here.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.