“By and large, there are a lot of positive things we gained from the summit… The message from all of us was that the African continent needs to industrialise and there were a lot of echoes in that regard,” he told reporters during a media briefing in Pretoria.
Minister Davies said the major victory from the summit was the commitment by US President Barack Obama to support the renewal of the Africa Growth Opportunities Act (AGOA), and the various investments he announced to the tune of US$33 billion in Africa through the programme called Doing Business in Africa.
More than 40 Heads of State and Government, including President Jacob Zuma, attended the summit, which was convened by Obama from 4 – 6 August. The summit focused on peace and security as well as trade between Africa and the world’s economic giant.
On the renewal of AGOA, Minister Davies said the summit provided an indication that US believes a lengthy re-authorisation of AGOA was justified.
“They are looking at possibilities of improving AGOA. They said they are looking at the eligibility criteria… They are looking at countries that did not qualify… I think that was the message from our side that was pretty good news,” Minister Davies said.