Some Sweet Taste and Thought about a Country Crossing so Many Challenges Internally and Internationally if not also Regionally while it is the Heart of the African Union and the Most successful in Keeping its Independence during the time when Africa was the target of all occupations and invasions.
Africa Case – Study: Honey in Ethiopia
Here is To Bee Ethiopia with the Maker of Sweet Honey and Wax of the Bee
Ethiopia is also the fourth largest beeswax producer in the world after China, Turkey, and Argentina.
Ethiopia is also the continent’s leading producer and exporter of beeswax and honey. The country has approximately 7 million bee colonies.
Ethiopia is the largest honey producer in Africa, producing around 45,300 tonnes annually. However, the country’s potential annual production is estimated to be 500,000 tonnes of honey and 5,000 tons of beeswax. This gap is due to the country’s traditional production system, which results in low productivity.
Ethiopia has three honey production systems:
Traditional: Forest and backyard
Transitional: Intermediate
Modern: Frame beehive
Modern beekeeping is mostly practiced in the central highland and southwestern areas of Ethiopia. Popular systems include Zander, Langstroth, and Dadant.
Beekeeping is a long-standing agricultural practice in Ethiopia. It is a major component in the agricultural economy of developing countries. Beekeeping has been and still plays a significant role in the national economy of the country as well as for the subsistence smallholder farmers.
In 2018, Ethiopia produced 50,000 tons of honey This was produced by more than one million beekeepers, who maintained more than six million bee hives.
Generally, beekeeping is an old agricultural practice in Ethiopia. About one million households are involved in the honeybee’s business.
Ethiopia’s honey is known for its desirable qualities such as low moisture content and a variety of natural and delicious flavors.
Some challenges to honey production in Ethiopia include:
Lack of beekeeping knowledge
Shortage of trained manpower
Bee behavior: Swarming and absconding behavior of bees
Shortage of beekeeping equipment
Pests and predators
Pesticides: Increasing use of pesticides on farming land, inappropriate use of pesticides, and sublethal exposure to pesticides
Inadequate research and extension services
Bee forage: Limited availability of bee forage, especially water during droughts
Infrastructure: Poor infrastructure development
Credit: Lack of credit access
Financial: Financial problems
Input costs: High input costs
Climate change: Climate change hazards like flooding and droughts
Beekeeper safety: Theft and vandalism by humans
Some factors that could improve honey production in Ethiopia include:
Modern hives
The southwestern part of Ethiopia, has dense natural forests, appropriate environmental conditions, and different species of flora and fauna
Over the past 26 years, the average amount of honey produced per hive in Ethiopia is 8.3 kilograms. Traditional beehives produce between 5 and 8 kilograms of honey per colony per year. Modern hives can produce up to 60 kilograms of honey per hive.
The amount of honey produced per hive depends on several factors, including: Colony strength, Environmental factors, Bee forage availability, Hive type, Beekeeper management.
The most common way for beekeepers to make money is by selling honey. A single hive can produce 50–100 pounds of honey per year, which can sell for $5–$20 per pound. Raw honey is in high demand globally.
Other products from the hive include: Wax, Propolis, Royal jelly.
Beekeepers can also make money by renting out their bees for pollination services. Some beekeepers earn a full-time income from this alone. To do this, they need a lot of equipment, beehives, and experience.
Ethiopia Honey in the Global Market
Ethiopia is the largest producer of honey in Africa, accounting for 23.6% of the continent’s total production. However, Ethiopia only accounts for 2.9% of global honey production. This is due to differences in production methods.
Ethiopia is also the fourth largest producer of beeswax in the world.
In 2022, the average price of honey exports from Ethiopia was $3,555 per ton. The average price of honey imports into Ethiopia was $2,181 per ton. The global honey market was valued at $8.58 billion in 2021. It is expected to grow to $12.9 billion by 2030.
The United States is the world’s leading importer of honey. In 2022, the US imported $794 million worth of honey from other countries.
China is the world’s largest market for honey. In 2021, China produced over 472,000 metric tons of honey, which is almost five times more than the second-largest producer, Turkey.
The main buyers of Ethiopian honey are:
Germany, United Kingdom, Sudan, Norway, Saudi Arabia, Yemen.
The main buyers of Ethiopian beeswax are: Germany, Japan, United States, United Kingdom, Italy.
Global Honey Market and Producers
The global honey market was valued at $9.3 billion in 2023. It’s expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2032.
China is the leading country for honey production. In 2021, China produced about 500,000 tons of honey, which is a quarter of the global honey output.
Here are some other estimates for the global honey market:
2022: $8.9 billion
2021: $8.58 billion
2020: $8.17 billion
2017: Peak production of 1.88 million metric tons
Most of the world’s honey comes from domesticated beehives. The top five honey producers are China, Turkey, Argentina, Ukraine, and the United States. These five countries produce 1.2 million metric tons of honey annually.
Here are some of the top honey-producing countries:
China – The world’s largest honey producer. China has many honey bees and a variety of plants.
Iran – Produces about 77,000 tons of honey each year.
Turkiya – Produces 96,344 tons of honey. Turkey’s Black Sea region produces a rare and expensive honey called “Elvish honey”.
New Zealand – The country with the highest dollar value of honey exports in 2021. New Zealand is the sole distributor of Manuka honey.
Honey is a source of vitamins, minerals, calcium, and antioxidants. It’s also used to nourish bee colonies.
This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.
For Insights and Business Intelligence on Honey Sector in Ethiopia or in other countries, please send an email of interest to: info@triconsultingkyoto.com
The last decade has seen the optimism of Africa Rising give way to concerns of stagnation, debt, conflict and food insecurity. Yet many of Africa’s economies have continued to grow. African tech attracts large amounts of capital and the continent’s commitment to creating a single market has resulted in many other countries paying Africa unprecedented attention, creating opportunities to attract more investment. How can African countries steer the right diplomatic and economic course; manage the energy transition effectively and also create the economic conditions to ensure that its young, fast-rising populations find jobs to fulfil their own aspirations and contribute to their nations’ development?
Gather a prestigious line-up of businesses, policymakers and thought leaders from Africa and around the world for serious and productive discussion about the Africa continent’s challenges and aspirations.
77% of in-person attendees in 2023 were CEO, Managing Director, Vice President or Director level meaning you are amongst top decision-makers
An opportunity to establish new relationships and strengthen existing ties through the summit dinner, drinks reception and networking lunch
You’ll be joining a prestigious business community from across Africa and beyond
Here are some economic and investment summits in Africa:
2023 BRICS Summit: South Africa hosted the BRICS Summit.
Financial Times Africa Summit: A one-day event for business leaders, politicians, and financiers.
U.S.-Africa Leaders Summit: Built on shared values to foster new economic engagement.
Third Turkey-Africa Partnership Summit: Held in 2021.
India-Africa Forum Summit: Last held in 2015.
Other summits include:
Shaping Africa’s Future: Geopolitics. Business. Sustainability.: Brings together people from policy, business, and academia from African and European countries.
Some characteristics of African economic development include:
Economic growth coexists with severe poverty.
Considerable disparities between regions and countries.
Resource exploitation and economic diversification are both being pursued.
In 2023, Africa’s economy slowed to 3.3 percent from 4 percent in 2022. Growth is expected to rebound to 4 percent in 2024.
The Importance of Economic Summit in Africa
By Shirley Ze Yu is Director of the China-Africa Initiative at the Firoz Lalji Institute for Africa at LSE, and senior practitioner fellow at the Ash Center, Harvard Kennedy School.
Economic and investment summits are important for the economic development of every country in the world. The purpose of an economic summit or forum is to position stewardship at the heart of investment decision-making by facilitating dialogue, creating long-term solutions, and enhancing value.[1]Participants can discuss a wide range of subjects including investments, trends in the financial industry, market opportunities in the investment industry, good practices, and related topics. Other objectives of economic and investment summits include the following:
Providing a global platform for engagement and dialogue on emerging and key issues related to investing for sustainable development.[2]
Advancing projects to bankable stage, by effective project preparation as well as efficient transaction advisory services that advances deals in the Africa Investment Forum pipeline.[3]
Helping Africa finance its economic development projects and agenda.
Promoting and facilitate global trade between Africa and the rest of the world.
Creating a solid platform for the African diaspora to contribute to the development of the continent.
The significance of economic and investment summits is undeniable. Africa has a huge need of capital investment necessary to compete in the global economy. The continent is largely underdeveloped in a variety of sectors. Therefore, the promotion of capital investment remains a gigantic alternative to close this gap and advance Africa economically.
US-Africa Leaders’ Summit
U.S.-Africa Leaders Summit
A general view during the U.S.-Africa Leaders Summit at the Walter E. Washington Convention Center in Washington, D.C. on Tuesday, December 13, 2022 (U.S. Department of State)
The US-Africa Leaders’ Summit is another major international forum to be considered. It was born on August 4-6, 2014. President Barack Obama initiated this great program to consolidate ties with African nations based on clear principles such equal respect, mutual interests, and common values. For the United States, it represents a unique opportunity to build solid rapports with their African counterparts on several fronts: economic, political, diplomatic, geopolitical, and security. Since its inception in 2014 under President Barack Obama’s presidency, the US-Africa Leaders’ Summit has yielded several great fruits. For example, the 2022 Summit aims to:
Better foster new economic engagement;
Reinforce the U.S.-Africa commitment to democracy and human rights;
Mitigate the impact of COVID-19 and of future pandemics;
Work collaboratively to strengthen regional and global health;
Africa represents a great opportunity for both the US and the world. The Summit offers excellent pathways to tackle the challenges African nations face. The Summit provides the US with an open opportunity to engage directly with African leaders, including political leaders, business officials, entrepreneurs, and the diaspora. It also engages with major institutions on the continent such the African Union (AU), Economic Community of West African States (ECOWAS), and many more.
Forum on China – Africa Cooperation
The Forum on China-Africa Cooperation (FOCAC) was established in 2000 as a uni-multilateral partnership platform between China and 53 African states.[2] Like any other summits, the FOCAC is a platform economic cooperation, diplomatic exchange, security relations development, and social interactions between China and Africa. The forum has a clear objective and operating mechanism: to forge a new partnership with Africa and become the world’s most great power by 2049.
The New Africa-France Summit
The aim of this event, with a new format, new actors and new themes to address new challenges is strengthen the bonds between France and Africa.[3] Through this summit, France attempts to reshape its relationship with Africa in several domains: economy, security, business, culture, and politics.
Example of Economic and Investments Summits in Africa
There exist several economic and investment summits in Africa. They include: Nigerian Economic Summit, Africa Investment Forum, Africa Economic Conference, Invest in Africa Summit, Invest in Africa Connect, and Corporate Council on Africa U.S.-Africa Business Summit. Summits are organized by both African leaders, world investors, and governments.
1. The Nigerian Economic Summit
The Nigerian Economic Summit is a partnership between the Nigerian Economic Summit Group and Federal Ministry of Finance, Budget, and National Planning. The first Nigerian Economic Summit was held from February 18-20, 1993. It was held to build a dialogue an economic dialogue between the public and private sector in Nigeria. Since that first Summit, the Nigerian Economic Summit Group, a private sector led think tank, has organized the annual Nigerian Economic Summit in partnership with the Federal Government of Nigeria.
2. Africa Investment Forum
The Africa Investment Forum is Africa’s investment marketplace, championed by the African Development Bank and its partners, to accelerate the closure of the continent’s investment gaps. The Africa Investment Forum operates as a multi-stakeholder, multi-disciplinary platform dedicated to advancing projects to bankable stages, raising capital, and (c) accelerating the financial closure of deals. It is by far one of the most important economic and investment platforms on the African continent.
Figure: The Africa Investment Forum
Source: African Financial Development Bank, 2022.
A flagship initiative of the African Development Bank, the Forum was launched in 2018 with seven other founding partners: Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank.
The Africa Investment Forum vision translates into three reinforcing objectives:
Advancing projects to bankable stage, by effective project preparation as well as efficient transaction advisory services that advances deals in the Africa Investment Forum pipeline;
Capital raising to mobilize partners and investors, especially institutional investors, for increased co-financing; and,
Accelerating financial closure of deals through a coordinated approach.[1]
Combined with $32.8 billion from the rescheduled 2021 Africa Investment Forum Market days—which took place as virtual boardrooms in March this year—the forum has mobilized a total of $63.8 billion of investment interest this year. Since its inception in 2018, the Africa Investment Forum platform has mobilized over $100 billion in investment interests.[2]The forum showcases the Africa Investment Forum’s founding partners’ joint resolve to help unleash Africa’s investment potential in such critical sectors as infrastructure, agriculture, energy, education, the creative industries, sports, and transactions that champion women entrepreneurs.
3. Africa Economic Conference
Source: United Nations Economic Commission for Africa
The 2022 African Economic Conference (AEC 2022), jointly organized by the African Development Bank (AfDB), the Economic Commission for Africa (ECA), and the United Nations Development Program (UNDP), is planned with the theme “Supporting Climate-Smart Development in Africa”. The conference brings together a variety of stakeholders—including policymakers, climate experts, the private sector, researchers, and youth—to discuss the challenges posed by climate change, identify opportunities and strategies for adaptation and mitigation, draw lessons from successes, identify key strategies for financing mobilization and draft an action plan to support the low-carbon and climate-resilient development of Africa.
4. Invest in Africa Summit
AFSIC – Invest in Africa Summit is one of the most important forums for Investment, Trade and Business into Africa. Invest in Africa Summit is recognized as a unique forum to initiate and promote business networking across Africa and to originate and conclude trade, investment, and close new business deals. The Summit gathers 1000-plus key economic players such as government delegations and policy makers, high-profile African leaders, project developers, investors, and entrepreneurs. The 2-days event provides a unique platform to gain strategic knowledge about African investment opportunities and business networking. The convention will cover economic sectors such as manufacturing and infrastructure development, agribusiness, Renewable Energy, Real Estate transportation, Digital Technology tourism, Financing SMEs, Women in Business, Healthcare, telecommunications, and Fintech, and natural resources sectors.[1]
5. Invest in Africa Connect
Invest Africa Connect is an initiative of Invest Africa, a leading business and investment platform, using over sixty years’ experience in Africa to provide its members with unique information and exposure to business opportunities. Through our Invest Africa Connect program, the organization partner with must-attend conferences, providing our members discounted rates on delegate seats, and invitation to special events taking place alongside these conferences. Invest in Africa Connect plays a central and influential role in Africa’s socio-economic growth by guiding sustainable capital towards key prospects on the continent. Headquartered in London, Invest Africa also operates from four chapter cities: Johannesburg, New York, Dubai, and Geneva.[2]Invest in Africa Connect is on the way to contribute to Africa’s private sector development in several ways.
6. Corporate Council on Africa U.S.-Africa Business Summit
The U.S.-Africa Business Summit is the largest and most influential U.S. conference on doing business and investing in Africa. The Summit explores a renewed commitment by both public and private sector stakeholders to building stronger U.S. and Africa trade, investment and commercial ties as we emerge from unprecedented health and economic challenges. The U.S.-Africa Business Summit brings together several U.S. and African private sector executives, international investors, senior government and multilateral stakeholders. Our objective is to enable you to connect with government and private sector decision makers over the course of four days and to deliver the insights that you need to move your organization forward.[3]The Summits include: plenary sessions and sector-oriented panels, invest in Africa country forums, welcome receptions and gala diners, private meetings, high-level dialogues, doing business in Africa with Prosper Africa agencies, B2B and B2G networking, and exhibition centers.[4]
What are implications of Economic Summits for Africa?
Economic summits carry out several implications no matter where they are held in Africa.
Economic growth
Economic Summits impacts economic growth and have the capacity to create a continental capital development ecosystem that benefits countries and society in general. The level of Africa’s economic development will be driven by the degree of investment opportunities it builds directly or indirectly. The more investment a country makes it in its economy the more economy growth it gets. For example, economic summit drives foreign direct investment.
FDI inflows to the African continent and subregions, 2020-2021
Source: World Investment Report 2022
This figure indicates that Africa has continued to attract foreign direct investment from a wide range of partners worldwide. Africa has a substantial private investment gap. Every business needs money to grow and generates revenue. For instance, from 2020 – 2021, Africa’s five regions: North, West, Central, East, and South Africa, attracted $83 billion.[1]
In the majority of cases, these businesses are spearheaded by Africans under the age of 35. In fact, 2021 was a record-breaking year for Africa’s start-up scene, which secured over $2 billion in funding. The African Development Bank (AfDB) attributes this mostly to “large economies and sizeable populations.”
Human Capital Development
There is an undeniable relationship between human capital and economic growth. What makes it possible is the amount of money and quality of capital investment. Capital investment is a critical contributor to the development of capabilities and knowledge.
Countries with high-quality human capital stocks can benefit more from the financial sector, as many scientists, researchers, doctors, accountants and financial analysts in these countries can make efficient and effective choices among different alternates. They are more efficient and effective in using opportunities and resources and can also innovate better to support the financial sector growth. These are all essential to promote growth in the economy.[2]
There is an excellent relationship between economic summit and financial capacity building and quality human resource development. A well-developed economic system is key to the growth of society in general. In this growing digital world, young people need to be trained to the new technology innovation and development norms as they influence the future of work. Money investment and economic growth are strictly related by the fact that a robust venture capital and foreign direct investment are facilitators of economic development. Economic summits should be at the center of Africa’s international investment attraction for development. Economic summits serve as platforms for African nations to accelerate cooperation and partnership for private sector development. Economic investment and human capital development are intrinsically linked or related. Investments in human capital (youth development) can generate returns.
At the diplomatic level
Economic investment creates or reinforces two types of diplomacy: business and economic. In the international relations, business and economic institutions are basically made up of rules and principles. In business management, it is called contract. In pure diplomacy, it is called cooperation. What is cooperation or international cooperation? International cooperation tends to be associated with development and economic growth. International economic cooperation between countries and/or companies can be seen as a vehicle for diplomatic relations development. Economic and business diplomats facilitate the creation of investment opportunities, build strong international business relations with foreign nations, and act as advisors to young people in their international career development. By organizing and promoting summits, countries seek to consolidate their economic ties and business diplomatic machine in several ways possible.
At the geopolitical level
Secretary of State Antony Blinken declares at the US-Africa Leaders’ Summit: “Africa is a major geopolitical force. It’s one that has shaped our past, it’s shaping our present, and it will shape our future.”
Figure: Anthony Blinken at the US-Africa Leaders’ Summit 2022
Source: US Africa Media Hub on Twitter
Africa represents a gigantic geopolitical battleground for major powers such as the US, France, Russia, and China. Home to what the world needs to continue its development and innovation, Africa remains the most significant geopolitical force. In support of this argument, Ambassador Rama Yade, director of the Atlantic Council’s Africa Center writes:
‘’US policy in Africa has been thrown off course by China, which is methodically implementing a grand, 21st-century Marshall Plan for the continent through its Belt and Road Initiative. And Beijing is hardly to blame. As home to a large share of the world’s water resources, untapped arable land, and by 2050 nearly 25 percent of the world’s population, Africa has emerged as the most important piece on the geopolitical chessboard. Without a drastic shift in strategy, the United States is on the verge of being on the outside looking in for decades to come’’.[1]
It is clear from the above that Africa will continue to attract diverse great powers for its significant amount of natural resources. The continent continues to grow in radical importance for the world including nations like China, America, Russia, and many more. The growing influence of China and Russia in Africa also worries America and its allies. Therefore, there will always be confrontations between these major powers out there. Rama Yade also emphasizes this rivalry in the following text:
‘’China is playing the long game in Africa and has strategically invested in infrastructure projects including railroads, ports, dams, and hydropower-generation sources. But these investments could be the warm-up act for China’s entry into fields traditionally dominated by the United States—namely technology and banking—where it aspires to compete with American heavyweights like Microsoft, Boeing, Google, and General Electric. Such game-changing moves would play into China’s larger ambition of unseating the US dollar’’.[2]
Economic and business summits also have geopolitical implications. Most summits are organized states and their institutions. The nature of these events becomes a political one. For example, China-Africa Forum is a pure product of the Chinese government, creating a clear pathway for them to invest in infrastructure development projects in Africa.
Key Lessons Learned from Organizing Economic and Investment Summits in Africa
There are several lessons to draw from the ongoing development and organization of economic and investment summits on the African continent. We see several benefits and challenges for the continent.
Africa’s development is impossible without proper venture capital investment
Source: Center for Economic Policy Research, 2021
Africa needs capital to grow. This comes from an effective combination of venture capital and foreign direct investment, and other investment opportunities. Dr. Eisen reports that lack of capital access is big problem and blocks the growth of innovation and entrepreneurship in Africa:
In order for Africa to fully utilize its business potential, however, there are many challenges to overcome. It is estimated that 70% of African startups lack access to talent and capital to grow their businesses. The proportion of female-founded startups in the first half of 2022 was only 27%, and investors based in Africa accounted for 29% of total investments. Building a diverse startup ecosystem at home is crucial to maintaining growth momentum and intensifying the technological and digital revolution. African VC firms, accelerators, entrepreneurial support programs and grants from government and nonprofit organizations should comprise this ecosystem.[1]
Dr. Leon Eisen is an inventor, entrepreneur, board member of the Global Africa Leadership Council, WBAF Senator and Oxitone Medical founder. His assessment of the grand challenges facing African entrepreneurs reinforces the urgent needs for African leaders to build more economic summits that would help close this huge gap. With proper management and organization, these investment would generate sufficient funds to accelerate the building of more entrepreneurs on the African continent. It is clear that Africa’s competition in the global economy will be highly dependent on how successful its youth are.
The venture capital big 4 investment paradox is a big problem
The World Economic Forum reports that 92% of Africa’s investment in tech is won by just four countries: Nigeria, Egypt, Kenya, and South Africa. Known as Africa’s ‘’Big 4’’, Nigeria, Egypt, South Africa, and Kenya continue to attract the important of foreign investment in terms of venture capital funding. The African Development Bank’s (AfDB) 2021 report states that these four countries account for about a third of the continent’s start-up incubators and accelerators and receive 80% of foreign direct investment (FDI) into Africa.[2]One of the plausible ways to address that issue is to facilitate greater investment opportunities everywhere in Africa.
In spite of global inflation and a macroeconomic environment that discourages investments, Africa’s venture capital ecosystem remained bullish in the first half of 2022. There were 445 venture capital deals (to 300 unique companies), setting another record with over $3.5 billion raised. Additionally, it is predicted that VC deals will reach $7 billion by 2023.[3]
The venture capital funding and raising predictions for the next coming years are promising. It is clear signs that the future of business is in Africa. Economic summits constitute great opportunities to finally embark Africa in the next development flight.
The building of responsible investment leadership and opportunities
Several nations in Africa faces several challenges in attracting regional and international investors. Examples of problems include poor infrastructure, corruption, poor international credit rating, and violence. Responsible investment leadership is crucial. In the current business environment, characterized by change and new and sometimes unpredictable challenges, it is important that leaders have the capability to act responsibly, to deliver a business which meets those challenges without causing detriment to their stakeholders or the world in which they exist.[4]
Responsible investment leadership can be seen to bring value and benefits to institutions and young people in Africa. Venture capitalists and investors do not invest in a country that does not fight corruption or create transparent capital investment protection policies. African leaders can all play a significant role in the development of a great continental economic development ecosystem by committed to being responsible investment leaders. A responsible investment in human capital, youth development, and economic development will benefit in a multitude of ways. African leaders should hold themselves accountable, so they should exemplify the characteristics of responsible investment leaders and encourage other populations to do so. A key role for responsible leaders particularly is to ensure that the country or organization is not simply focused on economic development objectives, but rather to propose and implement other key metrics, and provide evidence of the positive impact of responsible decisions. Calling for investment can assist with economic growth, although it is significant that not all leaders behave responsibly and have a measurable impact on society. By promoting responsible capital investment leadership, nations will contribute to a better society of culture and performance at all levels. Responsible investment leadership will contribute to the development of an ecosystem that will not leave African entrepreneurs’ hostage to the ever-growing big dollar whims of several venture capitalists and foreign investors.
Conclusion: where do we go next?
Africa is at the center of gigantic economic stakes for the world. Economic and investment summits constitute excellent engines that Africa should use to increase investment opportunities and improve the economic situation out there. Considering the above lessons African governments and policymakers should encourage international investment marketplaces through strong public-private partnerships. Money will always become the fuel that keeps an economy running. Therefore, economic and investment platforms such as summits and conferences will still be the center stage of capital raising through which Africa will grow its economy. Institutions such as the African Development Bank, US Chamber of Commerce, US Corporate Council on Africa, World Economic Forum, United Nations Conference on Trade and Development (UNCTD) can assist in the provision of economic summits to contribute to capital investment on the African continent. They provide platforms for engagement and dialogue on emerging and key issues related to investing for sustainable development. For Africa in particular, economic summits to promote new investments in industry can contribute to a significant amount of economic development and societal changes. International investment platforms will continue to become a driving force for a more inclusive and sustainable continental economic growth at all levels. The consequences of economic summits will be potentially far-reaching for the configuration of the continental value chain with big implications for economic development. Although most countries see a tiny fraction of venture capital investment as opposed to the Big 4’s, the promises of current successful investment promotion platforms throw a huge amount of optimism in the air.
Economic summits organized in Africa or by Africans across the world, like any other forms of investment platforms, will contribute to the construction of an incommensurable explosive economic dynamic, rebuilding the capital investment culture necessary to make Africa compete in the global economy. Economic summits help foster a solid innovation environment that sustains financial development and growth. Most significantly for making Africa the center stage of the world’s future and emerging as an economic powerhouse.
To that end, African leaders must encourage the building and organization of more economic summits that could be critical ways for generating capital funding and foreign direct investment, catalyzing new employment and business development in Africa, helping more young people find a place in a changing continental and global economy, and changing the economic story of a continent that is really one of the world’s greatest diplomatic machines.
As long as Africa does needs venture capital investment to grow and as far as the venture capital investment game continue to be played out across the globe, Africa will just sit and Watch. Indeed, young leaders will find ways to grab their parts of the cake.
Notes
Shirley Ze Yu is Director of the China-Africa Initiative at the Firoz Lalji Institute for Africa at LSE, and senior practitioner fellow at the Ash Center, Harvard Kennedy School.
Special note
The views expressed in this note can be attributed to the named author only.
[1]US Department of State (2022). US-Africa Leaders’ Summit. https://www.state.gov/africasummit. This piece of information was extracted from the Department of State’s Official Website.
Once you’ve decided on some products, you’ll have to source where to buy them, export documentation, import documentation, whether you will need a import license and practical shipper’s knowledge. Finding sellers of your products is also half the fun. If you’re in a position to travel and explore, do it! It’s a great opportunity to expand your horizons. Not so easy in these times of a global pandemic but eventually we’ll be able to travel again.
If you can’t travel, there’s always Google, AliBaba and AliExpress. This can be a great place to start. For more ideas and an much more in-depth look into sourcing products, check out our blog in sourcing products internationally.
Step 2: Finding Buyers
Perhaps the biggest question is inevitably, how do I find buyers for my products?
This is without doubt the most common question that I’m asked. Well, the good news is, there’s more than one way to do this. The bad news is, there’s no “easy” way. It’s all going to take some hard work and perseverance but it can most certainly be done and some good profits are no doubt waiting for you.
For my biggest hints and tips after a lifetime in commercial buying and selling check out our blog post on finding buyers.
Share via: Facebook Twitter LinkedIn More (Last Updated On: 05/07/2022)One of the most common questions we’re asked by entrepreneurs thinking … Continue reading How to Find Buyers For Export
Step 3: Understand the Basics
You’re going to need to understand at a minimum, the basics of import and export. Don’t jump in and start buying products, hoping to sell them by crossing your fingers. You’ll lose money, time and cause yourself a lot of stress.
To start, have a read of our blog post, How To Start an Import Export Business. It’s only the bare minimum but it will give you an idea of what you need to start thinking about and you’ll pick up some handy tips that I learned over the year.
Step 4: TRI CK USA Advising and Consulting Services on Import Export Register here below
Here are some steps you can take to import successfully:
Check import laws and regulations
Search for products and suppliers
Calculate landed costs
Order product samples
Negotiate purchases
Arrange cargo transport
Prepare for customs
Receive shipment
Other steps you can take include:
Conduct market research
Learn limits or restrictions on planned imports
Assess the actual costs of planned purchases
Know the hold-up policies
Make sure you are working with the right people
Some costs to consider when importing goods include:
The purchase price of your product
Proper exchange rates
Paying for insurance
Customs duty
Tariffs
Freight costs
To import your products into the United States, you will need an Importer Number, also known as a Business Tax Number or Customs-Assigned Number. You can get this number through the Internal Revenue Service (IRS).
The customs clearance process for import includes the following steps:
Document inspection: A customs officer examines the customs paperwork.
Tax and duty payment: Customs requests payment for taxes and duties, if applicable.
Shipment release: Once all duties are paid, the shipment clears customs.
Other steps include:
Bill of entry – The destination agent/customs agent files the Bill of Entry (BOE) within 48 hours of the ship’s arrival.
Customs value declaration – The Customs Value Declaration is a document that must be presented to the customs authorities where the value of the imported goods exceeds EUR 20 000.
Customs valuation – Customs officials determine the applicable taxes and duties based on the value of the items.
Release of shipment – After paying any taxes and duties due on your goods, you will receive a release order from customs.
The customs clearance process for import includes the following steps:
Document inspection: A customs officer examines the customs paperwork.
Tax and duty payment: Customs requests payment for taxes and duties, if applicable.
Shipment release: Once all duties are paid, the shipment clears customs.
Other steps include:
Bill of entryThe destination agent/customs agent files the Bill of Entry (BOE) within 48 hours of the ship’s arrival.
Customs value declarationThe Customs Value Declaration is a document that must be presented to the customs authorities where the value of the imported goods exceeds EUR 20 000.
Customs valuationCustoms officials determine the applicable taxes and duties based on the value of the items.
Release of shipmentAfter paying any taxes and duties due on your goods, you will receive a release order from customs.
Clearing agents/customs brokers and national authorities can help guide importers on the steps and documentation required.
Total bilateral trade in goods between the United States and Egypt stood at $9.1 billion in 2021, the highest level ever. Egypt is the United States’ largest export market in Africa.
U.S. exports to Egypt include wheat and corn, mineral fuel and oil, machinery, aircraft, and iron and steel products.
U.S. imports from Egypt include apparel, natural gas and oil, fertilizers, textiles, and agricultural products. Under the Qualifying Industrial Zone agreement, the United States waives duties on imports from Egypt if the value includes 10.5% Israeli content; this program promotes stronger ties between the region’s peace partners.
In 2022, the U.S. had a goods trade surplus of $3.6 billion with Egypt, a 40.2 percent increase from 2021. U.S. goods imports from Egypt totaled $2.8 billion, down 15.3 percent from 2021. Egyptian exports to the U.S. were $3.2 billion, an increase of 35.5 percent from 2020.
U.S. exports to Egypt include: Agricultural goods, Transportation equipment, Chemicals, Machinery, Computer and electronic products.
Egypt imports mostly from: China, Saudi Arabia, the United States, Russia, and Turkey.
Egypt’s top exports include:
Oil & mineral fuels
Plastics
Electrical machinery
Iron & steel
Egypt and the United States signed a Bilateral Investment Treaty in 1986 to promote and facilitate investment between our countries. Egypt and the United States have signed a trade and investment framework agreement, a step toward creating freer trade and increasing investment flows.
American firms are active in most sectors of the Egyptian economy, including oil and gas exploration and production, renewable energy technologies, financial services, manufacturing, construction, telecommunications and information technology, and the restaurant and hospitality industry.
Flows of U.S. direct investment to Egypt stood at $1.5 billion in 2020, bringing the accumulated long-term stock of U.S. FDI to nearly $24 billion.
Egypt is positioning itself as a regional energy hub, rapidly boosting renewable energy production, further offering potential opportunities for U.S. firms.
In November 2022, Egypt will host the United Nations Conference of the Parties (COP-27) climate change conference in Sharm el-Sheikh.
Hottest Products to Import From Egypt in 2023
Below are the hottest products to export from Egypt, with large growth potential:
Cotton (forecast to rise by 7% 2023-2024)
Jewelry (up 46% to $1.529 billion in 2022, compared to 2021)
Plastics (US$2.61 Billion during 2022)
Fruits (US$539.86 Million during 2022,)
Ceramics (US$329.96 Million in 2022, a massive 112% increase from 2021)
Essential Oils, Perfumes and Cosmetics (US$620.99 Million in 2022)
A slew of positive export data has been released for 2021, showing huge demand for Egyptian products worldwide. An Egyptian-British trade agreement signed following Brexit has been significant for both countries so there are some excellent opportunities for a foreign importer.
Cotton Products
Egypt is famous for its highest quality cotton around the world. Turkey and India import cotton from Egypt to produce high-quality products made of 100% Egyptian Cotton for the worldwide demand.
Fabric production includes fine Egyptian cotton fabrics, shirting, fabrics for trousers/shorts, worsted wool fabrics, denim, fleece, jersey, flat/woolen knits, technical fabrics, and more. Apparel production includes active sportswear, outerwear, underwear, suits, socks, infant wear, etc. Production of made-ups includes a wide variety of bed, bath, and table linens, kitchen accessories, etc.
Perhaps one of the most in-demand products are luxury 100% Egyptian cotton bed sheets and bedware.
Egypt’s cotton industry is forecast to rise by 7% for the year beginning August 2023 to July 2024, the U.S. Agriculture Department said late Monday.
Egyptian Jewelry
Egypts jewelry market is exploding and the potential for excellent returns on investment for those willing to source good suppliers and export to buyers around the world are excellent.
There’s plenty of room in the UK market still and well worth exploring.
Egypt’s exports of gold, jewelry, and precious stones increased by 46% during the period from January to November 2022, to reach $1.529 billion, compared to $1.044 billion during the same period in 2021.
Plastics
Since the revolution in 2011 many sectors, especially tourism, have slowed down, however, this has not been the case with the plastics industry, which includes finished products.
Egypt’s Exports of plastics were US$2.61 Billion in 2022, according to the United Nations COMTRADE database on international trade. The plasticware industry has become an important part of Egypt’s local manufacturing over the past ten years as a result of relying on plastic materials instead of other items like glass and metals.
Fruits
Food imports to Europe are a golden opportunity for Egyptian food imports and remain one of the most stable markets offering the highest prices.
Egypt’s exports of vegetable, fruit, and nut food preparations were US$539.86 Million in 2022,
Europe needs products that are low in sugar and packaging for European standards should be considered. Europe is more interested in buying food products which are in glass containers and tetra packs.
It’s important to understand import requirements with food and fresh fruits as of course there will be a limited shelf life.
Ceramics
Egypt intends to turn itself into a regional hub for manufacturing and exporting ceramics, in light of the availability of energy sources, raw materials, and qualified labor.
Egypt’s Exports of ceramic products were US$329.96 Million during 2022 up from $92 million in 2021, a massive 112% increase.
Egypt has a rich history of manufacturing ceramics and it’s expected for this industry to grow significantly.
Essential Oils, Perfumes and Cosmetics
80% of the world’s natural jasmine products, come from Egypt, where specialists in this ancient art extract the aromatic oils from a profusion of flowers, leaves, roots, and herbs and export them to perfumers in Paris, London, New York, and even Moscow.
Perfumes are a huge export market still to be tapped and the use of essential oils is becoming a very, very popular natural alternative to traditional perfumes.
Egypt’s exports of essential oils, perfumes, cosmetics, and toiletries were US$620.99 Million in 2022, and is still a young market for anyone wanting to take advantage of what is sure to be lucrative with the right suppliers and buyer markets.
Egyptian Exports Reach Their Highest Level Ever in 2022
Egypt’s total exports surged 18.3% year-on-year (YoY) during 2022, with exports jumping to $51.6 billion in 2022, compared to $43.6 billion in 2021.
Last year’s figure marks the highest value ever in the history of Egyptian merchandise exports.
Turkey topped the list of countries importing Egyptian products with a value of $4 billion, followed by Spain with $3.7 billion, Italy with $3.4 billion, and Saudi Arabia with $2.5 billion.
Exports to the US reached $2.446 billion compared to $1.618 billion, yet another significant increase of 51%.
Egypt’s exports to the UK increased 46.2% year-on-year, taking advantage of the Egyptian-British trade agreement, signed by the two countries following Brexit.
We have contributed directly to the Establishment and Development of Business Relationships and Trade Exchanges Between the United States, California, and Egypt with our Initiative and Engagement by Organizing Visits of Egyptian Officials and Business Leaders to California while we Facilitate their interactions and the Signing of several MOU and Agreements between Professional Representatives Entities and their Members.
Extensive work on Establishing Trade and Business Relationship Between California and Egypt
U.S. and Egypt Share a Strong Partnership
The U.S. established diplomatic relations with Egypt in 1922, following its independence from protectorate status under the United Kingdom. The U.S. and Egypt share a strong partnership based on mutual interest in Middle East peace and stability, economic opportunity, and regional security. Promoting a stable, prosperous Egypt, where the government protects the basic rights of its citizens and fulfills the aspirations of the Egyptian people, will continue to be a core objective of U.S. policy.
The United States and Egypt have a strategic relationship based on shared interests and values that span almost two centuries. The two countries are partners in counterterrorism, anti-trafficking, regional security, and economic opportunity. The U.S. has provided over $50 billion in military aid to Egypt since 1978, which has helped Egypt protect its borders and confront terrorism. The U.S. and Egypt also collaborate to expand commercial ties, increase foreign direct investment, and ensure safe transit through the Suez Canal.
The U.S. core policy objective is to promote a stable and prosperous Egypt that protects the rights of its citizens and meets the needs of its growing population.
The United States and Egypt have a strategic economic and security partnership
The two countries have a shared commitment to strengthening bilateral economic cooperation. This includes expanding trade, increasing private sector investments, and collaborating on clean energy and climate technology.
Egypt is one of Africa’s industrial heavyweights. Transforming the country’s economy to sustain job-rich and sustainable growth are pivotal steps in its march towards prosperity. Today’s search for new development models, accelerated by the unfolding of the COVID-19 pandemic, calls for shifting up a gear in raising Egypt’s industrial capabilities to compete in an industry 4.0 and agro 4.0 landscape. The Production Transformation Policy Review (PTPR) of Egypt uses a forward-looking framework to assess the country’s readiness to embrace change. This includes an analysis of the game-changing potential of the African Continental Free Trade Area (AfCFTA) and perspectives on agro-food and electronics (i.e. what in Egypt is referred to as part of the engineering sector), as well as identifying priorities for future reforms.
The U.S. and Egypt also share interests across the Middle East. Both countries are aligned on Israel, Iran, and the regional effect of dysfunctional states such as Libya, Syria, Yemen, and Iraq.
U.S. assistance has long played a central role in Egypt’s economic and military development. An estimated 250,000 first or second-generation Egyptians live in the United States, while nearly 60,000 U.S. citizens reside permanently in Egypt.
The U.S. embassy is located in Cairo, and there is also a U.S. consulate in Alexandria.
The U.S. and Egypt also have a Bilateral Investment Treaty, signed in 1986, to promote and facilitate investment between the two countries. The treaty was modified and entered into force in 1992. The U.S. and Egypt also have a trade and investment framework agreement, which is a step toward creating freer trade and increasing investment flows. In 1996, the U.S. Congress established the Qualifying Industrial Zone (QIZ) initiative to support the peace process in the Middle East. The QIZ initiative allows Egypt and Jordan to export products to the United States duty-free as long as such products contain inputs from Israel.
The U.S. and Egypt have a Treaty on Mutual Legal Assistance in Criminal Matters, signed in 1998. The U.S. also has a long-running cooperation with the Egyptian military, including the BRIGHT STAR 2023 exercise, which focuses on regional security and cooperation.
In 2022, the U.S. imported $2.8 billion in goods from Egypt and had a trade surplus of $3.6 billion.
TRI CONSULTING KYOTO – TRI CK USA supports you in your trade and investment projects, whatever their form:
New sites, extensions, industrial or technological partnerships, acquisitions, or financial investments.
It is with immense personal pride and a professional sense of dignity to be able in a lifetime to receive representatives of the Country of my birth and growth and my own ancestral family: the Kingdom of Morocco and meet with its highly esteemed government representatives in Northern California of the United States of America, the territory of the birth and growth of my children, my present family.
Please find here the promised link for the registration followed by the announcement of the event that was published and received today 5/1/2024
if you have a network of contacts spread the news about this meeting with high-level Leaders, Decision-Makers, and Executive Calibers that you will meet and interact with at SILICON VALLEY in EAST PALO ALTO, Bay Area of San Francisco, Northern California, USA
The cocktail hosted by high government officials promises to be a unique opportunity to get an in-depth insight into the investment landscape in Morocco and build an efficient network with decision makers in the Kingdom.
Free Trade Agreement and Evolution of Trade: The United States of America and the Kingdom of Morocco
In 2022, U.S. goods exports to Morocco were $3.7 billion, up 33.3 percent from 2021. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent from 2021. The United States had a trade surplus with Morocco in 2021 of approximately $1.5 billion.
The FTA eliminates tariffs on more than 95 percent of qualifying consumer and industrial goods. The Government of Morocco plans to phase out tariffs for some products through 2030.
The three leading exports from Morocco are:
Agricultural produce (citrus fruits and market vegetables)
Semi-processed goods and consumer goods (including textiles)
Phosphates and phosphate products
Major imports to Morocco are:
Semimanufactures and industrial equipment
Crude oil
Food commodities
Morocco’s trade-to-GDP ratio for 2022 was 98.65%, a 23.7% increase from 2021.
U.S. goods and services trade with Morocco totaled an estimated $6.8 billion in 2022. Exports were $4.5 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $2.1 billion in 2022.
U.S. goods exports to Morocco in 2022 were $3.7 billion, up 33.3 percent ($928 million) from 2021 and up 71 percent from 2012. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent ($423 million) from 2021, and up 82 percent from 2012. The U.S. goods trade surplus with Morocco was $2.0 billion in 2022, a 33.3 percent increase ($505 million) over 2021.
U.S. exports of services to Morocco were an estimated $734 million in 2022, 47.1 percent ($235 million) more than 2021, and 29 percent greater than 2012 levels. U.S. imports of services from Morocco were an estimated $636 million in 2022, 58.2 percent ($234 million) more than in 2021, and 50 percent greater than 2012 levels. Leading services exports from the U.S. to Morocco were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $98 million with Morocco in 2022, up 1.0 percent from 2021.
U.S. foreign direct investment (FDI) in Morocco (stock) was $379 million in 2022, a 1.6 percent decrease from 2021.
TRI CONSULTING KYOTO – TRI CK USA supports you in your trade and investment projects, whatever their form: Export, Import, Business Representation, Translation and Negotiation New sites, extensions, industrial or technological partnerships, acquisitions or financial investments Morocco’s Favorite Destination for International Investment BE SMART : CHOOSE MOROCCO ! Here is an overview of Morocco’s investment … Continue reading
International Languages and Cultural Services Offered by TRI CONSULTING KYOTO
TRI CK USA – OAKLAND – EAST BAY AREA OF SAN FRANCISCO – SILICON VALLEY – CALIFORNIA
Let’s do the Right Move Together and the Right Communication
International Languages and Cultural Services
You are interested in the Foreign Markets where we can Represent you, Speak and Share Knowledge in the Following Languages which Can Help to Apprehend the Realities of the Corresponding Marketplaces and the Intricated Business Practices and Cultures,
TRI Consulting Kyoto – TRI CK USA Team will take all the necessary to make you as Executives, Entrepreneurs or Project Owner to Fully Comprehend the Trade, Business, Finance, Economic and Culture Dynamics Characterizing the Market in California, France, Spain and Morocco
🌎 TRI Consulting Kyoto – TRI CK USA TeamWill Stive and Will Succeed in Making you Feel at Home🌐
English Language – Who are We?
TRI CK USA is committed to serving clients in the United States, France, the Middle East, North and Sub-saharan Africa, and Southeast Asia regions.
Based in Oakland, California with the focus to promote California’s international trade and competitiveness by providing consulting services to exporters and importers.
TRI CK USA leads, organizes, and hosts trade missions and matching of international business communities. TRI CK USA is formed with a dedicated team with extensive experience in international trade/business entrepreneurship, leadership, teamwork, cultural awareness negotiation, and communications skills. TRI CK USA in France, the Mediterranean regions, North Africa, Sub-Saharan Africa, the Middle East, and China.
Langue Française – Qui nous sommes?
TRI CK USA est engagé à servir des clients dans les régions des États-Unis, de la France, du Moyen-Orient, de l’Afrique du Nord et Subsaharienne et de l’Asie du Sud-Est.
Basé à Oakland, en Californie, dans le but de promouvoir le commerce international et la compétitivité de la Californie en fournissant des services de conseil aux communitees d’exportateurs et d’importateurs.
TRI CK USA est composée d’une équipe dédiée possédant une vaste expérience dans les domaines du commerce international / l’entrepreneuriat, le leadership, le travail d’équipe, la sensibilisation culturelle, les compétences en négociation et en communication. communities. TRI CK USA en France, les régions méditerranéennes, l’Afrique du Nord, l’Afrique subsaharienne, le Moyen-Orient et la Chine
If you have any questions on this publication or other matters, please feel free to contact: info@triconsultingkyoto.com
Feel Free to fill out the Form for Services Requests
Thank you for your continued support.
🌐Lengua española
TRI CK USA se compromete a servir a los clientes en las regiones de Estados Unidos, Francia, Medio Oriente, África del Norte y Subsahariana y el Sudeste Asiático.
Con sede en Oakland, California, con el objetivo de promover los negocios internacionales y la competitividad de California brindando servicios de asesoría a exportadores e importadores.
TRI CK USA también dirige, organiza y alberga misiones comerciales y ayuda a conectar las comunidades comerciales internacionales de California. TRI CK USA desarrolla planes y ayuda a los empresarios en Francia, las regiones mediterráneas, el norte de África, el África subsahariana, Oriente Medio y China. TRI CK USA está formado por un equipo dedicado con amplia experiencia en las áreas de negocios internacionales/emprendimiento, liderazgo, trabajo en equipo, conciencia cultural, así como habilidades de negociación y comunicación.
🌎 اللغة العربية🌐
تلتزم TRI CK USA بخدمة العملاء في الولايات المتحدة وفرنسا والشرق الأوسط وشمال أفريقيا وجنوب الصحراء الكبرى وجنوب شرق آسيا.
مقرها في أوكلاند ، كاليفورنيا ، بهدف تعزيز الأعمال التجارية الدولية في كاليفورنيا والقدرة التنافسية من خلال تقديم خدمات استشارية للمصدرين والمستوردين
تطور خططًا وتساعد رواد الأعمال المقيمين في الولايات المتحدة على تحديد وإقامة علاقات وتبادل مع رواد الأعمال في فرنسا ومناطق البحر الأبيض المتوسط وشمال إفريقيا وأفريقيا جنوب الصحراء والشرق الأوسط والصين TRI CK USA
يتكون من فريق متخصص يتمتع بخبرة واسعة في في مجالات الأعمال التجارية الدولية / ريادة الأعمال والقيادة والعمل الجماعي والوعي الثقافي بالإضافة إلى مهارات التفاوض والتواصل.
🌐 You are interested in exporting to or interested in importing from Morocco, I can help you in their realization.
🌐🌎 Here are some references on my work and my initiatives which have contributed in the growth of commercial relations between California, the United States and Morocco
🌎 🌐 Estás interesado en exportar o interesado en importar desde Marruecos, puedo ayudarte en su realización.
🌐 Vous êtes intéressé à exporter ou intéressé à importer du Maroc, je peux vous aider dans leur réalisation. Voici quelques références sur mes travaux et mes initiatives qui ont contribué dans la croissance des relations commerciales entre la Californie, les États-Unis et le Maroc
🌎 أنت مهتم بالتصدير إلى المغرب أو ترغب في الاستيراد منه ، يمكنني مساعدتك في تحقيقها فيما يلي بعض المراجع حول عملي ومبادراتي التي ساهمت في نمو العلاقات التجارية بين كاليفورنيا ، الولايات المتحدة والمغرب.
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TRI CONSULTING KYOTO – TRI CK USA is committed to serving clients in the United States, France, Middle East, North and Sub-Saharan Africa and China regions.
Based in Oakland, California, to promote international trade and California’s competitiveness by providing consulting services to exporters and importers.
TRI CK USA leads and organizes business and relationship missions between California’s international business communities and countries of interest to corporate clients.
TRI CK USA is comprised of a dedicated team with extensive experience in the areas of organizational strategy, operational management, international business, entrepreneurship, leadership, teamwork, cultural awareness, negotiation and communication skills in several foreign languages.
TRI CK USA facilitates the global development of companies, their exports and their imports
TRI CK USA supports companies in their export, import and international establishment projects.
TRI CK USA strategically develops projects, initiatives and businesses in particular by connecting with commercial partners in targeted markets and requested products in order to facilitate the realization of relationships and business transactions, also allowing exports and imports between various companies and interested regions, thus contributing to strengthening links between countries while creating valid jobs.
TRI CK USA trains, informs and supports foreign investors in France
TRI CK USA provides basic data and first-class information aimed at facilitating the decision-making process of foreign investors throughout the business project through the direct participation of its consultants and advisors as well as the corresponding skills and the existing resources in its network of partners.
TRI CK USA highlights the economic image and attractiveness of countries within its jurisdiction
TRI CK USA proposes and implements a strategy to promote countries, economies and regions within its competence, knowledge and experience in favor of companies aimed at creating networks of influence on the economic and international level and this through the following areas:
Development of international trade,
Establishment of foreign companies,
Financing new activity,
Management of partnership relationships and strategic alliances.
TRI CK USA manages and develops the participation of students – interns
This option allows companies – clients to opt to entrust professional missions abroad (commercial, technical, engineering, marketing, finance, etc.) to young talents for a flexible period of 6 to 24 months in order to facilitate the creation of local employment and contribute to training new talents on the ground that companies can have at their disposal in the country where their investments are made
TRI CK USA advocates international cooperation
TRI CK USA carries out international cooperation actions by promoting its areas of expertise and strengthening its influence during international missions, symposia, conferences and through participation in international fairs both live and online which are organized with the state institutions, representative professional organizations, university entities and Think Tanks.
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