Country Information - Zambia
ECONOMIC BACKGROUNDDespite progress in privatisation and budgetary reform, Zambia's economy has a long way to go. Privatisation of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. However, low mineral prices have slowed the benefits from privatising the mines and reduced incentives for further private investment in the sector.
In late 2000, Zambia was determined to be eligible for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative, but Zambia has not yet finalized its Poverty Reduction Strategy paper. Unemployment rates remain high, but GDP growth should continue at about 4%. Inflation should remain close to 20%. (Source: World Factbook, 2002)
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BI-LATERAL TRADE OVERVIEWThe value of bi-lateral trade between Zambia and the United States has been on a declining trend over the 6-year period to 2002, and in 2002 resulted in an significant trade surplus in favour of the U.S. of $ $ 27,8 million (2001: $0.3 million). Of particular significance is the fact that Zambia's exports to the U.S. have decreased from $ 55 million to $ 7.5 million over that period, while the country's imports from the U.S. increased from $ 29.3 million to $ 35,7 million in 2002 (2001: $ 15.9 million).
Zambia's exports consisted mostly of 'minerals and metals', accounting for approximately 75% of the country's exports to the U.S. in 2002. Imports to Zambia on the other hand were diversified, but were dominated by capital-intensive product categories such as ‘agricultural products’, 'transportation equipment', 'electronic products' and 'machinery'. Of significance is the fact that agricultural imports from the US have increased from $ 0,7 million in 2001 to $ 14 million in 2002 (see link to Country Trade Profile below).
Although Zambia qualified for the AGOA 'Wearing Apparel' provisions on December 17, 2001, by the end of 2002 any exports under AGOA were still insignificant. The country is was, at that stage, yet to export any qualifying apparel goods, although it should be noted that Zambia exports virtually no textiles and apparel to the US in 2002. The country is deemed a 'Lesser Developed Country' for AGOA purposes, providing it with a limited opportunity of utilising non-qualifying third country textile inputs in the manufacture of AGOA-eligible apparel exports (at least until September 30, 2004).
Detailed bilateral trade data for this country, disaggregated by industry sector, can be accessed by following the link below. Aggregate data featuring all AGOA-eligible countries is updated on this website as soon as new data is published, including ranked AGOA / non-AGOA trade, aggregate trade by industry sector as well as the latest apparel trade data.
Click here for Detailed Trade Profile
21 AGOA FORUM 2013: Ethiopia will host the 2013 US-Africa AGOA Forum. AGOA.info has been informed that the Forum will not take place as envisaged on 28 June - 1 July, but at a later date yet to be determined. The theme for this year’s Forum is “Trade and Technology for sustained change”“
21 December 2012: Guinea-Bissau and Mali lose AGOA eligibility
APRIL 2013: Monthly data has been updated to include February 2013 data, quarterly includes full year 2012 data.
New US strategy towards Africa: White House Factsheet on new strategy towards Africa, plus overview of past US engagement with Africa. Click here for the file and this link for a summary article.
02 August 2012: Bill to extend third country fabric provision passes Congress Download the House of Reps. Bill at this link
South Sudan declared AGOA-eligible on 26 March 2012. Earlier, Cote d'Ivoire, Niger and Gambia declared AGOA eligible on 25 October 2011. See news item, presidential declaration and trade overview at this link (S Sudan) and here (others).
US GSP extended and GSP benefits to be applied retrospectively for the year 2011 since expiry of previous GSP. See AGOA.info legal documents section at the following link.
AGOA at 10: Reflections on US-Africa trade with a focus on SACU: Tralac Working Paper that can be downloaded at this
December 2010: The Democratic Republic of Congo loses its AGOA eligibility status. See proclamation here (pdf download available at this link
ITC investigation of textiles and apparel: Further details at this link
AGOA IV – Changes to AGOA explained
For disaggregated trade data covering each AGOA country, follow the relevant link in the Country Sections (left column) or click here.
For detailed AGOA maps click here