Yesterday marked the closing of the two-day 2013 African Global Economic and Development (AGED) Summit, hosted at the University of Southern California (USC). Remarks were given by several key speakers including David Hinson, National Director of the Minority Business Development Agency (MBDA), Michael Masserman, Executive Director for Export Policy, Promotion, and Strategy, U.S. Department of Commerce International Trade Administration, and Mike Davis, Commissioner to the Board of Public Works, Los Angeles. The focus remained on trade opportunities between Africa and America, highlighting the potential of stimulating economic development in various industries such as energy and agriculture.
Photographs courtesy of Phoebe San Gabriel
Having just returned from the African Growth and Opportunity Act (AGOA) Conference in Addis, Ethiopia, Mr. Hinson alluded to the notion that, "cross-border trade in Africa will likely be the best wealth creation opportunity in this lifetime." Mr. Hinson also reinforced the mission of the MBDA and its commitment to business growth, development, and job creation. In conjunction with this, Mr. Gascon advised the participants of the importance of having a strong partner such as the MBDA who, "have the experience and track record to enable minority-owned businesses to do business globally." The AGED Summit has proven to be successful in bringing awareness to minority businesses and the global opportunities within their reach.