Policy Recommendations for the New U.S. Administration: Africa

Thursday, February 25, 2021 - 11:00am

 

Members of the U.S.–Africa Business Center at the U.S. Chamber of Commerce firmly believe that the future of the U.S.' export-driven economy lies in Africa. Sound investment and regulatory policies, coupled with strategic bilateral and multilateral engagements between business and government, represent the most significant opportunity to halt reversals and unlock potential growth in emerging and frontier economies across the continent. While U.S. firms are the 'partners of choice' for African governments and the private sector, U.S. firms routinely lose out to competitors that offer lower-cost and lower-value offerings or otherwise couple their investments with government or 'tied' aid.

At the same time, the African continent, which will be home to over 2.5 billion people by 2050, is well positioned to engage the U.S. for a model partnership and constructive approach to crucial issues such as climate and COVID-19 response and recovery while also working constructively to combat terrorism and Chinese soft power. We encourage the Biden-Harris administration to move quickly to engage Africa's political and business leadership. A swift move with a "whole of government" approach can open new doors for U.S. and African workers and enhance shared prosperity.

Please find the Chamber's Recommendations to the Biden-Harris Administration and Congress on U.S. Policy towards Africa, attached.