LCC Expresses Thanks To All Sponsors Of The ‘First Made In Liberia Contest’, Providing Participants The Opportunity To Gain Valuable Exposure

The Liberia Chamber of Commerce (The Chamber) in a press release says it is pleased to inform the public that it has received an invite to participate in the African Growth & Opportunity Act (AGOA) Expo & Trade Fair in New York, U.S.A., scheduled September 25th – 30th, 2018, and further would like to also invite you to be one of our Corporate Sponsors and Partners.

Zoequoi SWAT

The Ezzat N. Eid Foundation, in collaboration with The Chamber, hosted its first Made In Liberia Pitching & Fundraising Event on Monday, August 27, 2018 at the Royal Grand Hotel. The goal of the event was to raise funds to assist companies of locally made products (Made In Liberia) attend the AGOA Expo and Trade Fair in September.

What God Big Treat

The event helped raise money (for airfare and hotel accommodation) to send fourteen (14) Liberian owned MSMEs producers of locally made products to the upcoming AGOA Expo & Trade Fair to showcase their products. In addition, the Ezzat N. Eid Foundation also financed two (2) booths.

AICL Wonseh

The African Growth and Opportunity Act, or AGOA, is a piece of U.S. Legislation that was approved by the U.S. Congress in May 2000 to increase trade between the U.S. and participating African countries. The law provides duty-free preferences for thousands of products manufactured and processed throughout the region. Liberia signed in 2006.

President City Builders

Despite AGOA eligibility Liberia has arguably not taken full advantage of the duty-free preferences. Liberia’s exports to the U.S. in 2016 were just over $100 million or approximately 3% of total exports. Further, exports under the AGOA program were just over $1 million, which is less than 2% of total exports to the U.S.

Rum Eagle

This low value of export under AGOA is composed of just 5 products out of the 80 product lines that Liberia exported to the U.S. in 2016. Finally, of the small export to the U.S., multiple product categories that would otherwise qualify for duty-free import under AGOA did not claim such preferences.

New Market Gls Nas

In spite of the low volume of export to the U.S. and low utilization of AGOA, Liberia does have a viable export sector with at least 20 product lines that would be eligible for AGOA if exported to the U.S. Of these goods, several are highly demanded in the U.S. suggesting ample opportunity for Liberia to export to the U.S.

Solie NC Sanitor

Through the AGOA Trade & Resource Center (ATRC), which is under the Liberia Chamber of Commerce, we would like to change those statistics.  The Chamber’s ATRC currently works with Export Ready Companies, by providing technical and practical assistance relating to exporting under AGOA.

LIB Business Founi

AGOAExpo and Trade Fair, is a Cultural and Business Platform committed to celebrate US – Africa Cooperation, Strengthen Bilateral Trade Relations, Promote AGOA Key Export Products and Investment Opportunities through African Growth & Opportunity Act (AGOA).

Naz Petro

It is a great opportunity and unique platform for American Companies to expand their business or introduce new products, services in the 40 African Countries eligible with direct access to Authorities and Business Leaders. A wide variety of Activities are organized periodically in US Cities (New York – Los Angeles – Miami) to boost African products exportations and take advantage of the AGOA legislation with New Partnerships and Joint Ventures.

Bravo Enag

AGOA Festival gives opportunity to all beneficiaries of the Trade Agreement to promote their business via the AGOA Key Exports Products Exhibition & Trade Fair – AGOA Apparel Fashion Week – African Apparel, Textiles & Footwear Exhibition – African Beverages & Food Show – Skins & Leather Products Made in Africa – African Cosmetics & Essential Oils – African Jewelry and Made Up Goods – African Music & Urban Dances.

List of Sponsors and entities
J Palm WLCU
Patom Eagle
Fabrar Petro
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About Cholo Brooks 7103 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists.