The Liberia Chamber of Commerce (LCC) is urgently inviting all exporters and potential exporters of products made in Liberia to a “Pitch Your Product” meeting on today, Friday, August 17th at 3pm at the Liberia Chamber of Commerce.
LCC will join the rest of the world in the upcoming African Growth & Opportunity Act or (AGOA) Expo & Trade Fair scheduled to be held in New York, the United States on September 25th – 30th, 2018, and the Liberia Chamber of Commerce is inviting local producers of Liberian-made products to form part of this unique opportunity. According to AGOA, local producers from 40 African countries are expected at the Expo.
The AGOA Expo is a Cultural and Business Platform committed to celebrate U.S – Africa Cooperation, Strengthen Bilateral Trade Relations, and to also promote AGOA Key Export Products and Investment opportunities through African Growth and Opportunity Act.
The Liberia Chamber of Commerce – AGOA Trade & Resource Center (ATRC)
The Chamber currently works with Export Ready Companies, providing technical and practical assistance relating to exporting under AGOA. We are looking for companies that has the following characteristics: Quality, Quantity, and Frequency.
According to the Chamber, 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. 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. 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.
How to participate:
- Bring A Sample of Your Product on Friday August 17, 2018 at 3p at the Chamber of Commerce.
- Do a five (5) minutes pitch on the products, and you might win a chance to display your product at the AGOA Expo & Trade Fair in New York (sponsored by Members of LCC).
*Rule of Origin applies