US$500 thousand re-launches Mozambique/USA trade

20 January 2012

Maputo, Mozambique, 20 Jan – The United State government has approved a fund of US$500,000 to re-launch trade relations with Mozambique, the deputy trade representative for the country, Demetrios Marantis said.

According to Mozambican newspaper O País, the fund will be sued to support the new approach to trade as part of the Trade and Investment Framework agreement (TIFA) and the African Growth and Opportunities Act (AGOA).

At the end of a bilateral meeting, the Mozambican Minister for Industry and Trade, Armando Inroga, said that the funding would be partially sued to increase agricultural productivity as part of the cooperation between USAID and the Agriculture Ministry.

According to the minister the funding will help the country to best explore opportunities for exporting the 6,500 products approved for export as part of the AGOA. (macauhub)