President Ramaphosa To Host Agoa Forum In South Africa

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President Cyril Ramaphosa and his United States of America counterpart President Joe Biden will engage in discussions during the upcoming 20th African Growth and Opportunity Act (AGOA) Forum to be held in Johannesburg next week.

Vincent Magwenya, the Presidential spokesperson on Thursday briefed the media on the President’s upcoming engagements.

“The AGOA Forum serves as a vital platform for the United States to build on the success of the Africa Leaders’ Summit and further enhance the economic partnership with African states, under the aegis of the United States’ African Growth and Opportunity Act that was approved by the US Congress in May 2000.

“During the Forum, President Joe Biden and President Cyril Ramaphosa will engage in discussions on shared priorities, reaffirm the Administration’s commitment to the continent, and explore opportunities to make AGOA more transformative as they deepen trade and investment relations with Sub-Saharan African countries,” Magwenya said.

The event brings together the US government together with the governments of eligible African countries and economic organisations, business, labour and civil society.

“Over the course of the event, participants will delve into conversations about strengthening trade and investment ties between the United States and Sub-Saharan Africa, with a focus on promoting resilient, sustainable, and inclusive economic growth and development.

“AGOA remains a key driver of economic growth and development. An extension of AGOA beyond 2025 is expected to promote inward investment in Africa and provide mutual benefits to the United States and African countries”. He added.