First 15-20 minutes is for networking Light Breakfast included Hosted by the Apparel & Footwear Committee
The United Stated Agency for International Development (USAID) and the American Apparel and Footwear Association (AAFA) have been working with African partners for several years to develop a reliable entrée for global players to enter Africa's textiles, apparel and footwear industries. The result of this work is a new annual industry trade event that is called 'Source Africa" ( www.sourceafrica.co.za ), the biggest annual event on the international calendar every year focused on apparel export production in Africa. The event matches African manufacturers, suppliers and service providers with global agents and buyers and gives industry leaders around the world the opportunity to examine a wide range of products, services and investment opportunities in Africa, all in one comprehensive trip. For the global garment industry, there are two great reasons you should be thinking right now about business in Africa and attending the Source Africa event which will take place from May 6 th – 8 th , 2014 to be held in Cape Town, South Africa.
The Obama Administration anticipates a seamless renewal of AGOA beyond 2015 and AGOA enjoys strong bi-partisan support in the US congress. Source Africa is a ready-made platform for the industry in Asia to solidify and expand its business interests in Africa related to the US market for textiles, apparel and footwear under an important trade pact that is widely expected to pass before AGOA expires in September of next year.
The South African Market. Sub Saharan Africa is becoming a major consumer market, especially the South African Market. (Sub Saharan Africa has a population of over 1 Billion and that figure is growing quickly.) Products manufactured in SADC & SACU countries have preferential access to the South African market (i.e. duty free access vs. 45% tariff). Source Africa is a platform for the industry in Asia to explore investment opportunities in, and network with, the regional value chains to take advantage of these lucrative trade preferences. Chris Koh, Source Africa's Strategic and Policy Advisor, will be coming to Hong Kong in February to hold a symposium around the Source Africa event in cooperation with the American Chamber of Commerce. This will be your chance to get questions answered and get more information.
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong