[2019-06-21] Mozambique and United States sign protocol to boost trade relations
The governments of Mozambique and the United States of America signed a memorandum of understanding on Thursday in Maputo to boost trade and remove investment barriers.
Agriculture, fisheries, tourism, energy and infrastructure are some of the areas included in the memorandum signed between the two countries on the sidelines of the US-Africa Economic Summit in Maputo.
The memorandum of understanding was signed by the President of the Republic, Filipe Nyusi, and US Assistant Secretary of Trade Karen Kelley during the US-Africa Business Summit, which runs until Friday in Maputo.
Kelley said that Mozambique is the fourth African country to sign this type of agreement with the US and that these are part of a road map that will lead to the signing of free trade agreements.
The memorandum will make it possible to identify priority projects in key commercial areas and the use of instruments to stimulate trade.
Kelley noted that the US government has financial and investment incentive instruments available to small and medium-sized foreign businesses, but the country’s companies have made little use of these advantages.