    [Public Papers of the Presidents of the United States: George W. Bush (2005, Book II)]
    [June 30, 2005]
    [Pages 1239-1240]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Videotaped Remarks to the African Growth and Opportunity Act Forum
    June 30, 2005

        On behalf of America, I send greetings to the people of all the
    African nations represented at the AGOA Forum. I am grateful to all of
    you who have traveled far to discuss our shared vision for an Africa
    that is home to democracy, prosperity, and opportunity.
        This is a hopeful moment in the history of Africa. The governments
    of many African nations are being transformed. Many African economies
    are vibrant and growing. In Sub-Saharan Africa as a whole, economic
    growth is now at its highest level in 8 years.
        An important part of Africa's rising prosperity is the African
    Growth and Opportunity Act or AGOA. This wise legislation is reducing
    barriers to trade, increasing exports, creating jobs, and expanding
    opportunity for Africans and Americans alike.
        AGOA is getting results. Political reforms in Africa have inspired
    confidence among American investors. Last year, U.S. exports to Sub-
    Saharan Africa increased 25 percent, and America's imports from AGOA
    countries rose 88 percent. The success of AGOA is proving that open
    trade and international investment are the surest and fastest ways for
    Africa to make progress. So last year, I was proud to sign a law
    extending the benefits of this vital program.

    [[Page 1240]]

        Over the next several days, you will discuss further ways to expand
    and diversify trade so we can sustain economic growth. I am confident
    that your efforts will lead to greater interest and investment in AGOA
    nations. You will also be offered practical information about meeting
    U.S. export requirements and entering U.S. markets. As part of America's
    long-term commitment to increased trade with Africa, I intend to launch
    the African Global Competitiveness Initiative, which will give a record
    number of entrepreneurs access to the information and advice they need
    to succeed in business and foreign trade.
        I appreciate the good work you are doing, and I look forward to our
    continued partnership on AGOA. Africa is a continent of promise and
    talent and opportunity, and together we will help the people of Africa
    realize the bright future they deserve.
        Thank you very much.

    Note: The President's remarks were videotaped on June 30 at 4:10 p.m. in
    the Map Room at the White House for later transmission to the forum
    meeting in Dakar, Senegal. The transcript was released by the Office of
    the Press Secretary on July 19. A tape was not available for
    verification of the content of these remarks.