 |
| These countries comprise the East African Community |
From AfricanLiberty.org: "The US has crafted a four-pronged approach to recharge its business relationship with the East African region in the face of stiff competition from China and other emerging Asian giants.
On a recent visit to Kenya, deputy US Trade Representative Ambassador Demetrios Marantis said the approach includes signing of an investment treaty with EAC [East African Community] trade block [sic]. 'We are enthusiastic to do business with the region that is recording one of the highest growth rates in the world, and now a 75 million people market under the East African community block,' said Marantis."
The article continues about America's plans in East Africa: "The plan will also include trade continuous dialogue and a technical capacity building component valued at $10 million.
American businesses will be seeking direct partnerships with governments in public private partnerships especially in Kenya's large capital intensive Vision 2030 projects.
Marantis said a favorable replacement of the African Growth and Opportunity Act on its expiry in 2015 may be part of the new strategy to ensure a non-disruptive transition from the current trade arrangement."
