Somalia applies to join the African Growth & Opportunity Act which allows exports to the United States with greatly reduced trade barriers

bidenkulaha

GalYare


Very good initiative. A year ago this was impossible. This and allowing live payment transfers to the US with Somali banks joining IBAN swift will turbo charge trade and investment inshallah with the US.

As of May we should be able to export to Arab countries without trade barriers and with us joining EAC trade barriers will reduce in EAC countries. All is all well
 
As long there's a ban on exporting raw materials this will be very good. Could follow the textile export model that Bangladesh used or create cheap semi-conductors and battery plants. Very low skill jobs that can make you rich very quick
 

Shaygoosh

Dadkaan ahay waa Duriyad Saare iyo Dawolad! 👑
This is a major stride, cutting out the middle man and putting more comp into Somalia is ideal goal considering how far we’ve come along the way to get here!
 

bidenkulaha

GalYare
Paving way for exporting carbohydrates, we have essentially become a longterm asset for the US.
If only we could get to join US monetary. We are headed for dangerous waters as the country grows and needs more access to dollars while the diaspora remittance generation get old
 

bidenkulaha

GalYare

Brian Nelson visit to Mogadishu, Treasury Security for Terrorism and Financial Intelligence.

HSM’s gov has been pushing for exporting into America and access to international finance. Progress on terrorism finance and money laundering is a big priority for him and the US.
 

repo

Bantu Liberation Movement
VIP
I already noted down which businesses can benefit from this. I'm starting one in Puntland in 2024 inshaAllah. I implore Congress to make a Puntland amendment for extra benefits.

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