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HomePress ReleaseEIN PresswireStakeholders to Meet in Washington, D.C., to discuss AGOA and increasing Trade...

Stakeholders to Meet in Washington, D.C., to discuss AGOA and increasing Trade between the U.S and Somalia


H.E. Hassan Ali Khaire, Former Prime Minister of the Federal Republic of Somalia, Ambassador Eric Schultz, Former United States Ambassador to the Republic of Zambia, and Hon. Dan Burton, Former Member of the U.S. Home of Representatives Committee on Overseas Affairs

On June twenty ninth, 2023, Somali and American stakeholders will meet to discuss alternatives to improve commerce and commerce between Somalia and the United States.

By way of the management of H.E. President Hassan Sheikh Mohamud of Somalia, his devoted workers at the Somali Embassy, and the members of the United Somali Alliance, Somalia’s AGOA course of has begun.”

— Karl Von Batten, Founding father of Von Batten-Montague-York, L.C.

WASHINGTON, DISTRICT OF COLUMBIA, UNITED STATES , June 23, 2023/EINPresswire.com/ — Von Batten-Montague-York, L.C. invitations the public and the media to attend the Somali American Enterprise Govt Panel Dialogue. The occasion will happen on Thursday, 6/29/2022, at 09.30 a.m. Location: The Nationwide Press Membership, Washington, D.C at 529 14th St NW, Washington, DC 20045.

Panel dialogue matter: The African Progress and Alternative Act (AGOA) and increasing and strengthening enterprise actions and commerce between the united states of america and the federal republic of Somalia: the function of the Congress, Parliament, and Personal enterprise.

BACKGROUND

On behalf of the Embassy of the Federal Republic of Somalia in Washington, D.C., and the United Somali Alliance, Von Batten-Montague-York, L.C. efficiently lobbied for the Biden Administration to evaluate and begin Somalia’s AGOA eligibility course of after 32 years of Somalia being overlooked of AGOA. NOTE: AGOA is a preferential commerce program that enables international locations in sub-Saharan Africa to export merchandise to the United States tariff-free. In 2020, the Norwegian seismic survey firm, TGS, estimated that the Somali basin holds offshore reserves of about 30 billion barrels of crude oil. This, plus AGOA, will change Somalia’s financial system perpetually.

Moderator: Ambassador Eric Schultz, Former United States Ambassador to the Republic of Zambia

The keynote Speaker: H.E. Hassan Ali Khaire, Former Prime Minister of the Federal Republic of Somalia.

Hon. Dan Burton, Former Member of the United States Home of Representatives Committee on Overseas Affairs

H.E Ali Ifiye Ali. Deputy Minister, The Federal Republic of Somalia, Ministry of Fisheries and Blue Economic system

Hon. Mursal Khaliif, Member of Parliament of the Federal Parliament of Somalia

To be taught extra about the occasion and to register to attend, go to https://www.montagueyork.com/initiatives

To look at the stay stream of the occasion on YouTube, go to: https://www.youtube.com/stay/jGF_9TKgtPY?function=share

CURRENT U.S.-SOMALIA BACKGROUND

Somalia is at the moment the United States’ 168th largest items buying and selling companion, with $106 million in whole (two-way) items commerce throughout 2019. That is behind Djibouti, the United States’ one hundred and fiftieth largest buying and selling companion; Kenya, its 96th; Angola, its eighty fifth; Ethiopia, its 84th; Nigeria, its 54th; and South Africa, its thirty ninth. U.S. items exports to Somalia in 2019 have been $105 million. That is in contrast to U.S. items exports to Ethiopia, totaling $1.0 billion. Items imported from Somalia to the U.S. in 2019 totaled $992,000. That is in contrast to items imported from Ethiopia to the U.S., totaling $572 million in 2019.

For all inquiries relating to this press launch, please contact:

Blossom Rolly
Von Batten-Montague-York, L.C.
blossom.rolly@montagueyork.com
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