Public Management

Mozambique signs a Trade Promotion Agreement with the US

Mozambique signs a Trade Promotion Agreement with the US
Monday, 24 June 2019 17:39

Mozambique has entered into an agreement with the US to boost trade relations with the country and “remove investment barriers,” Macauhub reports.

The document was signed on the sidelines of the U.S-Africa Business Summit held in Maputo, Mozambique, last week. It covers several key sectors of the Mozambican economy, namely agriculture, fisheries, tourism, energy and infrastructure.

According to the US authorities, the MoU will mainly serve to identify priority projects in these sectors and stimulate trade between the two parties, through future free trade agreements.

The signing of this agreement comes at a time when the United States announced last week, its intention to double the volume of its investment and trade with Africa in the coming years. This is achieved through a new strategy called Prosper Africa, which will provide mixed financing, loan guarantees and market intelligence to help make American investments in Africa less risky.

Mozambique is the fourth African country to sign such an agreement with the United States, according to Karen Kelley, the US Deputy Secretary of Commerce. 

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• IFC issued a 24 billion Rwandan franc ($17M) local currency bond to boost Rwanda’s capital market and fund digital infrastructure.• The 8-year...
United Bank for Africa (UBA) plans to raise over 157 billion naira, approximately $102.5 million, through a rights issue. The Nigerian Stock...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received $100 billion in remittances in 2023, outpacing...
23% of adults in Sub-Saharan Africa saved money using mobile accounts in 2024, well above the 9% average in low- and middle-income...
Most Read
01

Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...

Flutterwave Gains Senegal License, Eyes Growth in $1.5T African Payments Market
02

In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...

West Africa has tools to build strong industry, says IFC’s Olivier Buyoya
03

Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...

US Remittance Tax Could Weigh Heavily on African Economies
04

The former Nigerian president has passed away. A feared military figure and controversial head of st...

Muhammadu Buhari: ‘Baba Go Slow’ and a Legacy of Contrasts
05

Key Highlights • New national plan “Tchad Connexion 2030” earmarks $1.5 billion for digital tr...

Chad Plans $1.5 Billion Digital Investment by 2030
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.