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In
2000 President Clinton signed the African
Growth and Opportunity Act (
AGOA)
into law. The Act offers tangible incentives for African countries to
continue their efforts to open their economies and build free markets.
In the financial part both documents match. Both provide reforming African
countries with the most liberal access to the U.S. market available to
any country of the region with which the United States does not
have a Free Trade Agreement. When the American Act came along, the IIC's
Program grew up to be an instrument for particle exercising of the U.S.
economic policy in Central Africa Region by providing improved access
to U.S. technical expertise, credit, and markets by establishing a high-level
dialogue on trade and investment.
More details
in
www.agoa.gov. |
BACKGROUND.
The Pacific Investment Council, which exercises the Managing Board's
obligations of the
International Investment Council, Inc., Los Angeles, approved the African Program of the
President Prof. Dr. George Angelow made in 1995. The Program outlines the
Christian Sub-Saharan Africa as a priority region for the investment banking
activities of the International Investment Council, London and development of
the region.