New Developments In African Trade Market

May 1, 2012 - PRLog -- After ten arduous years, The Foundation for Democracy in Africa (FDA) has finally accomplished its goal of establishing a bilateral trade expansion center, the Africa Trade Development Center (ATDC). The ATDC was designed to serve as a trade hub to support market development and expansion for Africa’s small and medium enterprises in the US and other markets in the Western Hemisphere, using Miami as the gateway.    

Located in the Miami Free Zone, ATDC provides training and technical assistance to select manufacturers and producers from Africa and the US.  ATDC also assists in product promotions and helping these companies establish sustainable distribution networks for their products across markets in the US, the Western Hemisphere and Africa; thus contributing to the expansion of US-Africa trade and economic ties.

In 2010, Africa’s collective Gross Domestic Product (GDP) was $1.7 trillion with consumer spending estimated at $800 million. By 2020 Africa’s combined GDP is expected to top $4 trillion with consumer spending projected to reach over $2.6 trillion and its population reaching over one billion people, making Africa a considerable market for US companies and investors.  The ATDC is sure to facilitate the concept of Florida becoming the gateway for US-Africa trade, investment, and tourism as pioneer stakeholders in the African trade transformation.  For more information please visit www.democracy-africa.org

About Foundation for Democracy in Africa
The Foundation for Democracy in Africa (FDA) is a development organization committed to promoting participatory democracy, sustainable development and economic growth throughout Africa. FDA maintains institutional linkages with universities in USA and Africa. Founded in 1994, FDA is a Washington, DC-based non-profit 501 (c) 3, non-governmental, non-partisan institution with offices in Miami, Florida, and several African countries including, Nigeria, Sierra Leone, and Liberia. For more information please visit www.democracy-africa.org

About Miami Free Zone
Miami Free Zone (MFZ), Trade Hub to the Americas, services the international trade community of South Florida by achieving maximized benefits for its users, including: premium Office, Showroom, and Warehouse spaces in a highly secured and engaged business atmosphere. The facility processes inbound and outbound international transactions in excess of $1billion a year, while users and tenants enjoy a privileged and profitable position in the international trade community. As a Federally approved Foreign Trade Zone, Miami Free Zone (FTZ #32) provides its users with exceptional benefits, such as flexible control over domestic and foreign inventory, alongside significant duty and tax savings, lessened regulatory requirements, exemption from paying U.S. Customs duties on re-exported goods, and some of the highest security controls in all of Miami-Dade County. For more information about the Miami Free Zone, please visit www.miamifreezone.com