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1 1 (April 10, 2014)

handle is hein.crs/govchyy0001 and id is 1 raw text is: L Cong ressin, l Rcesa rch Sevice Trade Africa Initiative April 10, 2014 Initiative Overview President Barack Obama announced the Trade Africa Initiative (TAI) during his July 2013 trip to sub- Saharan Africa. TAI is a U.S.-sub-Saharan Africa partnership aimed at increasing domestic and regional trade within Africa, and expanding trade and economic ties between Africa, the United States, and other global markets. The program initially targets the East African Community (EAC), which is made up of Kenya, Tanzania, Uganda, Rwanda, and Burundi. TAI is designed to advance the Administration's 2012 U.S. Strategy To lard Sub-Saharan 4fica, which seeks to spur economic growth, trade, and investment in Africa, particularly by expanding U.S.-African private and public sector cooperation. Trade Africa dovetails with growing congressional interest in and efforts to increase U.S.-African trade and investment, which have taken the form of multiple hearings (e.g., in the House in May 2013 and in the Senate in July 2012) and the introduction of related bills (e.g., S. 718 and H.R. 1777). It also aligns with broader U.S. efforts to boost exports through the National Export Initiative. The announcement of Trade Africa follows a sustained period of growth in African- Chinese trade and investment ties, which some view as a competitive threat to U.S. economic and political interests in the region. In 2013, U.S. imports from the EAC totaled $597 million, while U.S. exports totaled S 1,239 million, a nearly 30% increase in exports from 2012 (Figure 1). All EAC countries are eligible for trade preferences granted under the African Growvth and Opportunity Act (AGOA,Title I, P.L. 106-200, as amended). CRS INSIGHT Prepared for Members and cornnittees o4 Congress ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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