The Ambassador of the United States of America (USA) in Mozambique, Peter Hendrick Vrooman, said on Monday, November 21, he is enthusiastic about the economic reforms announced in August by the Government, emphasizing that they will boost investment, growth, and employment in the country.
Speaking at the end of a working meeting he held with the board of the Confederation of Business Associations (CTA), Peter Hendrick Vrooman said that the U.S. and its various partners are available to support the private sector in implementing economic reforms for the development of Mozambique.
“At the meeting we talked with the private sector about Mozambique’s opportunities and challenges in all areas of development,” the ambassador explained.
In turn, the president of CTA, Agostinho Vuma, advanced that the meeting served to evaluate the existing institutional relations between the two countries, as well as to boost the public-private dialogue.
“At the meeting we talked with the private sector about Mozambique’s opportunities and challenges in all areas of development”
“The Africa Growth Opportunity Act (AGOA) also deserved special attention given the poor performance or impact that this measure is having on the national business community, given its underutilization,” explained the leader.
After its renewal in 2015, the AGOA utilization strategy in Mozambique evolved 70%, going from 58.2 million dollars to about 98.5 million dollars.
However, Agostinho Vuma considers the performance still weak, emphasizing that CTA wants to see themes such as renewable energy, the textile sector, and agro-processing incorporated into AGOA, which will be highlighted at the next Annual Private Sector Conference (CASP).