The US is moving higher up the products advancement ladder to keep its share of trade with Africa where competition for the low-end market has intensified with availability of cheap goods from emerging economies such as China and India.
“America will not compete at the low-end of Africa’s consumer goods market with Brazil, Russia, India or China (BRIC),” he said on the sidelines of the 2010 Africa Growth and Opportunity Act (Agoa) in Kansas City last week. read more
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