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AGOA Award for Museveni
President Yoweri Museveni is to be honoured by US President George
Bush in June 2003 as the Africa Growth Opportunity Act (AGOA) marks
its third year since it was signed into law by former US President
Bill Clinton.
AGOA was enacted to allow products from select African countries
to enter duty free and quota free to the US market as a strategy
to boost development in Africa.
The Award will be bestowed on President Museveni at the White House
for being the first African President to endorse AGOA and for his
relentless campaign for the developed countries to open up and allow
African products enter their markets as the only viable option for
development on the continent.
According to Ms. Rosa Whitaker, a former US trade official in charge
of AGOA, President Museveni will receive the honour from President
Bush at the White House as part of the festivities to mark AGOA’s
third year of success.
Whitaker, who is currently in Uganda with the largest AGOA garment
dealer in the US, John Sporidis, are touring textile industries
in the country with the hope of sourcing for more textiles to meet
the huge demand in the American market.
Uganda is working on a new investment strategy to sell Uganda as
a viable investment destination and promote tourism and other sectors
of the economy.
Uganda’s exports to the United States have increased from
$6 million in the last quarter of 2001-2002, to $10 million in the
first quarter of 2003.
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