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11:17 A.M. EST
THE PRESIDENT: Well, thank you very much for that warm
welcome. Many of you have traveled half a world for this
gathering, and I'm honored to be with you. I want to thank
you all for coming.
This conference was delayed by the events of September the 11th,
but our common goal will not be delayed or denied. We have a
unique opportunity to build ties of trade and trust that will improve
the lives on both our continents. And we will seize this
opportunity.
I appreciate so very much the leadership of our Secretary of
State. He has done a fabulous job of assembling a coalition of people
from all around the world to fight terror. I picked the
right man for this time in history. (Applause.)
I want to thank the ministers and ambassadors from the 35 African
nations who are represented here. Thank you all for coming.
(Applause.) I appreciate the three members of my Cabinet who
are on the stage with us today, members who represent trade and
economic activity and economic development, people who join me in my
commitment for a freer world and a prosperous Africa.
I want to thank Secretary of Treasury O'Neill, Secretary of
Commerce Evans and U.S. Trade Representative Zoellick for being here,
as well. Thank you all for coming. (Applause.)
I appreciate USAID Administrator Andrew Natsios for being here as
well. Andy, thank you for
coming. (Applause.) And I, too, want to thank
members of the United States Congress, Republican and Democrat, who
have come to join on this important
effort. (Applause.) Senator Lugar, Congressman
Royce, Congressman Levin, and Congressman Jefferson, I'm honored you
all would take time to be here to represent the solidarity of our
entire government in promoting what's right and responsible on the
African continent.
And I want to thank members of the business and NGO communities who
are here, as well. And thank you for working so hard to put
together the coalition that enabled the passage of one of the most
hopeful acts that Congress has passed. I appreciate your
time, I appreciate your efforts and I appreciate your concern.
Let me begin by thanking the nations of Africa for their support
following September the 11th. America will never forget the
many messages of sympathy and solidarity sent by African heads of
state. Ambassadors from Southern Africa presented a check to
the American Red Cross to assist the families of the
victims. One Rwandan journalist wrote in a condolence book
at the U.S. Embassy, "We feel and understand what the Americans must be
experiencing. The forces of evil must be fought and defeated
wherever they are." That's represents exactly the firm
resolve of the American people. We will fight and defeat the
forces of evil wherever they are. (Applause.)
Over 80 countries, including Ethiopia and Egypt, Ghana and Gambia,
Kenya, Nigeria, South Africa, Togo and Zimbabwe, lost citizens along
with the Americans on September the 11th. The United States
is deeply grateful to all countries and all African countries that have
now joined in a great coalition against terror.
We are grateful for the political support offered by the
Organization of African Unity and by many African regional
organizations. We appreciate the basing and overflight
rights offered by African countries and the growing number of African
nations that have committed to cracking down on terrorist financing.
We are encouraged by the strong declaration issued at Dakar, by 28
African countries calling on all African nations to ratify the 1999
Algiers Convention Against Terrorism. I spoke to Senegal's
President Wade, to thank him for his leadership in convening the Dakar
meeting. The Algiers Convention was developed following the
1998 embassy bombings by al Qaeda, which took 12 lives and over 200
African lives, including many Muslims.
Now it is critically important that this convention be ratified so
that African nations have additional judicial, diplomatic and financial
tools to root out terrorism. And as nations begin to put
these measures in place, the United States will look for ways to work
together.
In an era of global trade and global terror, the futures of the
developed world and the developing world are closely
linked. We benefit from each other's
success. We're not immune from each other's troubles. We
share the same threats; and we share the same goal -- to forge a future
of more openness, trade and freedom.
Recent events have provided the world with a clear and dramatic
choice. Our enemies, the terrorists and their supporters,
offer a narrow and backward vision. They feed resentment,
envy and hatred. They fear human creativity, choice and
diversity. Powerless to build a better world, they seek to
destroy a world that is passing them by. And they will not
succeed.
We offer a better way. When nations respect the
creativity and enterprise of their people, they find social and
economic progress. When nations open their markets to the
world, their people find new ways to create wealth. When
nations accept the rules of the modern world, they discover the
benefits of the modern world.
This vision of progress is not owned by any nation or any culture,
it belongs to humanity -- every African, every Muslim, every man or
woman who wants to make it real. Good governments, of
course, will look different from place to place. Cultures
must preserve their unique values. Yet, everywhere -- East
and West, North and South -- there is a model of successful
development, a market economy trading with the world that respects
human rights and the rule of law. Every nation that adopts
this vision will find in America a trading partner, an investor, and a
friend.
And it's for this reason that America welcomes and supports the new
African initiative, put forward by visionary African
leaders. To fulfill this vision of progress we must return
to the steady, patient work of building a world that trades in
freedom.
No nation in our time has entered the fast track of development
without first opening up its economy to world markets. The
African Growth and Opportunity Act is a road map for how the United
States and Africa can tap the power of markets to improve the lives of
our citizens.
This law is just over a year, but it is already showing its
tremendous power. During the first half of this year, the
total trade with sub-Sahara Africa rose nearly 17 percent, compared to
last year. U.S. imports from the region now exceed $11.5
billion. Some individual countries have shown staggering
increases in trade. Four countries -- Senegal, Seychelles,
Eritrea and Madagascar -- saw their exports to the United States grow
by over 100 percent.
Behind these numbers are investments in projects that are making a
real impact on people's lives. In Kenya, the government
projects that AGOA will create 150,000 new jobs over the next several
years; propose new projects, in Lesotho, textiles sectors alone are
expected to inject $122 million of investment into that country's
economy -- four times the amount of all official development assistance
the country received in 1999.
We need to build on these successes. Across the
continent, African governments are reforming their economies and their
governments in order to take advantage of AGOA. These
nations are working hard to fight corruption, improve labor standards
and reform their customs regimes. The United States will
work in partnership with African nations to help -- to help them build
the institutions and expertise they need to benefit from trade.
Today, I'm pleased to announce the creation of $200 million
Overseas Private Investment Corporation support facility that will give
American firms access to loans, guarantees and political risk insurance
for investment projects in sub-Sahara Africa. (Applause.)
I've asked our trade and development agency to establish a regional
office in Johannesburg, to provide guidance to governments and
companies which seek to liberalize their trade laws, improve the
investment environment and take advantage of the Free Trade Act between
our two continents.
I'm also announcing today the launch of the Trade for African
Development and Enterprise Program. With $15 million in
initial funding, the trade program will establish regional hubs for
global competitiveness that will help African businesses take advantage
of AGOA, to sell more of their products on the global
markets. (Applause.)
Countries gathered here today have seen the benefits of
trade. And we have an obligation to make the case for more
open trade throughout the entire world. I hope that African
nations will be a powerful voice for the launch of a new round of
global trade talks in Doha, beginning next month. Trade and sound
economic policies are essential to growth and development, but they are
not, themselves, sufficient to seize the hopeful opportunities of
markets and trade. Nations need citizens that are educated
and are healthy.
My government will continue its strong support for responsible debt
relief, so that nations can devote more resources to education and
health. (Applause.) We will continue to press multilateral
development banks to provide more assistance in the form of grants,
instead of loans. (Applause.) We are moving forward on an
initiative I announced in July to improve basic education and teacher
training in Africa. (Applause.) And the United
States is ready to commit more resources to the new global fund to
combat HIV-AIDS and other infectious diseases, once the fund
demonstrates success. (Applause.)
And, finally, as AGOA makes clear, economic freedom and political
freedom must go hand in hand. People who trade in freedom
want to live in freedom. From Nigeria to South Africa,
African nations have made great strides -- great strides -- toward
democracy. The democratic transitions of the last decade
mean that a majority of Africans now live in democratic
states. That is progress we will praise, and progress we
must work hard to continue. (Applause.)
Our times present many challenges. Yet, I'm optimistic
about our shared future. I know we can build a world that
grows in prosperity and trades in freedom. I know we can
bring health and education to more people. I know we can
defeat terror -- defeat terror now, so that our children and
grandchildren can grow up in free societies.
Out of the sorrow of September 11th, I see opportunity, a chance
for nations to strengthen and rethink and reinvigorate their
relationships. We share more than a common enemy; we share a
common goal: to expand our ties of commerce and culture, to
renew our commitment to development and democracy. And,
together, we will meet that goal.
May God bless Africa, and may God continue to bless America.
(Applause.)
END 11:33
A.M. EST
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