Sec. 4. Strategy
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Not later than 180 days after the date of the enactment of this Act, the President shall establish a comprehensive United States strategy for public and private investment, trade, and development in Africa. The strategy required by subsection
(a)shall focus on— increasing exports of United States goods and services to Africa by 200 percent in real dollar value within 10 years from the date of the enactment of this Act; promoting the alignment of United States commercial interests with development priorities in Africa; developing relationships between the governments of countries in Africa and United States businesses that have an expertise in such issues as infrastructure development, technology, telecommunications, energy, and agriculture; improving the competitiveness of United States businesses in Africa, including the role the African diaspora can play in enhancing such competitiveness; exploring ways that African diaspora remittances can help communities in Africa tackle economic, development, and infrastructure financing needs; promoting economic integration in Africa through working with the subregional economic communities, supporting efforts for deeper integration through the development of customs unions within western and central Africa and within eastern and southern Africa, eliminating time-consuming border formalities into and within these areas, and supporting regionally based infrastructure projects; encouraging a greater understanding among United States business and financial communities of the opportunities Africa holds for United States exports; fostering partnership opportunities between United States and African small- and medium-sized enterprises; and monitoring— market loan rates and the availability of capital for United States business investment in Africa; loan rates offered by the governments of other countries for investment in Africa; and the policies of other countries with respect to export financing for investment in Africa that are predatory or distort markets. In developing the strategy required by subsection (a), the President shall consult with— Congress; each agency that is a member of the Trade Promotion Coordinating Committee; the relevant multilateral development banks, in coordination with the Secretary of the Treasury and the respective United States Executive Directors of such banks; each agency that participates in the Trade Policy Staff Committee; the President's National Export Council; each of the development agencies; any other Federal agencies with responsibility for export promotion or financing and development; and the private sector, including businesses, nongovernmental organizations, and African diaspora groups. Not later than 180 days after the date of the enactment of this Act, the President shall submit to Congress the strategy required by subsection (a). Not later than 3 years after the date of the enactment of this Act, the President shall submit to Congress a report on the implementation of the strategy required by subsection (a). The report required by paragraph
(2)shall include an assessment of the extent to which the strategy required by subsection (a)— has been successful in developing critical analyses of policies to increase exports to Africa; has been successful in increasing the competitiveness of United States businesses in Africa; has been successful in creating jobs in the United States, including the nature and sustainability of such jobs; has provided sufficient United States Government support to meet third country competition in the region; has been successful in helping the African diaspora in the United States participate in economic growth in Africa; has been successful in promoting economic integration in Africa; and has made a meaningful contribution to the transformation of Africa and its full integration into the 21st century world economy, not only as a supplier of primary products but also as full participant in international supply and distribution chains and as a consumer of international goods and services.