Welcome to Origendestination.com
Welcome to Origendestination.com
We’ve compiled resources and links to information pertaining to trade and investment opportunities for your business. Please note, that resources are directly linked to Country Official Government Websites or their Affiliates. Feel free to check those sites for extensive research.
Feel free to reach out to us if you cannot find an answer to your question.
Drivers can determine a number of different outcomes depending on how they are utilized. Macro-scale could refer to a larger affect, take for example a US-State's economy and what its known for producing, i.e. State of Michigan AKA Big-Three manufacturing, healthcare and agricultural industries. For an entire country, it could be a strong GDP. Pinpoint the main drivers of that economy, couple that with exchange-rates, country-incentives that invite new business and cultural significance is a win.
Why not? A recent report cited There are 2.6 million Black-owned businesses in the US. However, during the recent Pandemic that shuttered the world's economy, it was discovered that a great many Black businesses shuttered without options. For many, when the time came to apply for emergency business funding, some had just started and were unable to produce 2-3 year in tax return statements. There are a number of different reasons why but one important one is being centered in an environment that is conducive and supports the type of growth needed for your business to thrive. So, what better way to leverage economic growth expansion opportunities, form new business trade partnerships, relationships, ignite cultural and historical significance in the exchange of ideas & dialogue then at the Point of Origɛn.
Africa is already projected to be the fastest growing economic power in the world by 2030. The IMF released its January 2022 World Economic Report showing favorable trends. What better way to know then to go and see for yourself. That's why we promote Travel & Tourism as a viable option to get you started. From a cultural and spiritual perspective, many African-American Diaspora experience returning to one's African ancestral roots as culturally significance. Engaging in international trade and investment is nothing new. Many countries all over the world engage in this practice have benefited and advanced their economies as a result of it. Trade and investment at one point in history was only done by a select-few and only afforded to certain entities. However, what has revolutionized trade and investment as of late is the technological advancements that make it possible for new expansion opportunities for small businesses to grow and flourish. Check out our "Featured Country Profiles" to receive information about business investment incentives.
AGOA P.L. 106-200 was passed into law in 2000 to acknowledge and formalize trade between the US and Africa. Public Law 106–200 “African Growth and Opportunity Act” 106th Congress: An Act To authorize a new trade and investment policy for sub-Saharan Africa, expand trade benefits to the countries in the Caribbean Basin, renew the generalized system of preferences, and reauthorize the trade adjustment assistance programs. In short, through AGOA, the U.S. Congress seeks to increase U.S. trade and investment with the region, promote sustainable economic growth through trade, and encourage the rule of law and market oriented reforms.
Profiles of the current AGOA Beneficiary Countries were originally 48 at the time of signing. However, as of 2022, the current U.S. Administration decided to remove Guinea, Ethiopia, and Mali AGOA benefits on January 1, 2022 citing the current administration determined they are no longer in compliance with the legislation’s eligibility requirements.
HERE ARE SECTIONS SPECIFIC AREAS OF THIS LAW AS IT PERTAINS TO TRADE AND INVESTMENT:
SEC. 103. STATEMENT OF POLICY. Congress supports— (1) encouraging increased trade and investment between the United States and sub-Saharan Africa; (2) reducing tariff and nontariff barriers and other obstacles to sub-Saharan African and United States trade; (3) expanding United States assistance to sub-Saharan Africa’s regional integration efforts; (4) negotiating reciprocal and mutually beneficial trade agreements, including the possibility of establishing free trade areas that serve the interests of both the United States and the countries of sub-Saharan Africa; (5) focusing on countries committed to the rule of law, economic reform, and the eradication of poverty; (6) strengthening and expanding the private sector in subSaharan Africa, especially enterprises owned by women and small businesses; (7) facilitating the development of civil societies and political freedom in sub-Saharan Africa; (8) establishing a United States-Sub-Saharan Africa Trade and Economic Cooperation Forum; and 19 USC 3702. (9) the accession of the countries in sub-Saharan Africa to the Organization for Economic Cooperation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
For your convenience, we provided links for a short and extended read of AGOA
Office of the United States Trade Representative:
This Administration works to, “expand markets for U.S. goods and services in sub-Saharan Africa and to facilitate effort to bolster African economic development through increased global, regional and bilateral trade.
If researching additional trade agreements for a specific country, we’ve provided a link to their official website for more information. Please note that although some African Countries are removed from AGOA that does not have to curtail your efforts. (There are several African-American Diasporas' doing business in RWANDA. Check out "Featured Country Profile" on RWANDA for more information.)
Click on title below to be taken to:
INTERNATIONAL MONETARY FUND (IMF)
Released it's recent WORLD ECONOMIC REPORT. Click on link below to be taken to this information.
Interested in knowing more about Regional Economic Communities and understanding doing business in a region, see listing below. We’ve provided links to each regional website for economic development-specific information.
The Economic Community of West African States (ECOWAS) is made up of fifteen member countries that include: Benin |Burkina Faso |Cabo Verde |Côte D'ivoire |The Gambia |Ghana |Guinea |Guinea Bissau |Liberia |Mali |Niger |Nigeria |Senegal |Sierra Leone |Togo and are located in the Western African region. These countries have both cultural and geopolitical ties and shared common economic interest. Find out more about Doing Business in the (ECOWAS) and Projects that are underway by clicking the link below to be redirected to the (ECOWAS).
The East African Community (EAC) is made up of 6 member countries that includes:
Burundi |Kenya |Rwanda |South Sudan |United Republic of Tanzania| Uganda
These countries have both cultural and geopolitical ties and share common economic interest. Find out more about Doing Business in the (EAC) and Projects that are underway by clicking the link below to be redirected to the (EAC).
The Arab Maghreb Union (AMU) is made up of 5 member countries that includes: Algeria |Libya |Mauritania |Morocco |Tunisia. These countries have both cultural and geopolitical ties and share common economic interest. Find out more about Doing Business in the (AMU) and Projects that are underway by clicking the link below to be redirected to the (AMU).
The Intergovernmental Authority On Development (IGAD) is made up of 8 member countries that include: Djibouti |Eritrea |Ethiopia |Kenya |Somalia |South Sudan |Sudan |Uganda. These countries have both cultural and geopolitical ties and shared common economic interest. Find out more about Doing Business in the (IGAD) and Projects that are underway by clicking the link below to be redirected to the (IGAD).
The Southern African Development Community (SADC) is made up of 17 member countries that include: Angola |Botswana |Comoros |Democratic |Republic Of Congo |Eswatini |Lesotho |Madagascar |Malawi |Mauritius |Mozambique |Namibia |Seychelles |South Africa |United Republic Of Tanzania |Zambia |Zimbabwe. Find out more about Doing Business in the (SADC) and Projects that are underway by clicking the link below to be redirected to the (SADC).
The Common Market For Eastern And Southern Africa (COMESA) is made up of twenty-five member countries that includes: Djbouti |Eritrea |Ethiopia |Somalia |Egypt |Libya |Sudan |Tunisia |Comoros |Madagascar |Mauritius |Seychelles |Burundi |Kenya |Malawi |Rwanda |Uganda |Eswatini |Zambia |Zimbabwe |Lesotho |Mozambique |Tanzania |Namibia |Angola. These countries have both cultural and geopolitical ties and shared common economic interest. Find out more about Doing Business in the (COMESA) and Projects that are underway by clicking the link below to be redirected to the (COMESA).
Community Of Sahel-Saharan States (CEN-SAD) is made up of 24 member countries that includes: Benin |Burkina Faso |Central African Republic |Chad |Comoros |Côte d’Ivoire |Djibouti |Egypt |Eritrea |The Gambia |Ghana |Guinea-Bissau |Libya |Mali |Mauritania |Morocco |Niger |Nigeria |Senegal |Sierra Leone |Somalia |The Sudan |Togo |Tunisia . These countries have both cultural and geopolitical ties and shared common economic interest. Find out more about Doing Business in the (CEN-SAD) and Projects that are underway by clicking the link below to be redirected to the (CEN-SAD)
The Economic Community Of Central African States (ECCAS) is made up of 11 member countries that includes: Cameroon |Republic of Equatorial Guinea |Democratic Republic of Sao Tome and Principe |Republic of Gabon |Republic of Congo |Republic of Angola |Republic of Chad |Central African Republic |Republic of Rwanda |Republic of Burundi |Democratic Republic of Congo. These countries have both cultural and geopolitical ties and shared common economic interest. Find out more about Doing Business in the (ECCAS) and Projects that are underway by clicking the link below to be redirected to the (ECCAS)
The ultimate objective is to ensure that AfCFTA is to achieve increased inter-regional and intra-Africa trade that would yield economic development for the benefit of the continent as a whole.
The initiatives current participants include EIGHT (8) State Parties – Cameroon, Egypt, Ghana, Kenya, Mauritius, Rwanda, Tanzania and Tunisia.
In line with the AfCFTA focus on value chain development, under its Guided Trade Initiative, the following products have been earmarked for trade: Ceramic tiles; batteries, tea, coffee, processed meat products, corn starch, sugar, pasta, glucose syrup, dried fruits, and sisal fiber, amongst others.
Cited: Africa’s blueprint and master plan for transforming Africa into the global powerhouse of the future. It is the continent’s strategic framework that aims to deliver on its goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive for unity, self-determination, freedom, progress and collective prosperity pursued under Pan-Africanism and African Renaissance. For more information visit AFRICAN UNION or see a downloadable copy below.
Want to learn more about country profiles and how your business aligns with their foreign business investment and partnership needs? Check out our compilation of country-specific profiles under FEATURED COUNTRY PROFILES . We offer extensive Customized Business Profile matching.
Have a destination in mind and want to find out more? We've provided a preview of our Customized Business Profile Match to get started. We've highlighted areas of interest such as: Country At A Glance reports, travel advisories, travel requirements, country business investment incentives, content-creators perspectives and African-American Diaspora who have started or expanded their businesses in various countries and featured several Black US Travel & Tourism companies.
Our customized country profiles are designed to provide you with some business investment insights for your industry-specific request.
The US Government provides World factbook reports of Countries throughout the world via CIA.Gov. For your convenience, we've compiled a downloadable listing of African Country World Factbook At A Glance reports.
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