Zambia’s AGOA exports soar

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ZAMBIA’s export to the United States of America (USA) under the Africa Growth Opportunity Act (AGOA) last year rose to US$47.3 million from $26.9 million registered in 2010.But Commerce, Trade and Industry Minister Robert Sichinga (right) said the trade figures between the two countries were still low.Mr Sichinga said while Zambia’s exports to USA were growing, the figures remained far below the country’s import from USA.He said for example, last year, exports to the USA from Zambia stood at a mere $47.3 million, while imports were at $129 million.Mr Sichinga said this in Lusaka during the preview of the AGOA Forum 2012 and Ministerial Trade and Investment Mission to the USA.”These are not the desirable figures that a developing country would want to have with a big economy such as the USA,” he said.In 2010, Zambia’s total trade value (imports and exports) with the USA was at $86 million and Zambia was USA’s 164th largest trade partner.

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