New Agreement Seeks to Expand Cotton Trade and Investment Between US and Sub-Saharan Africa
The American Apparel and Footwear Association (AAFA), the US Agency for International Development and the African Cotton and Textile Industries Federation signed on to a memorandum of understanding to "expand trade and investment linkages between the United States and sub-Saharan…
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Africa in the cotton textile and apparel sectors," the AAFA said in a press release. The group will "promote Africa as a reliable sourcing destination for international buyers and explore opportunities to promote U.S. trade and investment in Africa," the release said. The effort will include "the exchange of market and import/export policy information, guidance on requirements and best practices, and the promotion of joint solutions to address market constraints," said the AAFA.