A delegation from Zambia led by the country's Minister of Commerce Trade and Industry Honorable Robert Sichinga MP, traveled to Los Angeles on a trip designed to market Zambia and it's opportunities, and create new partnerships. The delegation is in the United States to attend a series of meetings around the Africa Growth Opportunity Act (AGOA)......
Of the companies which attended the general session, two multinational companies, one of which is a fortune 500 company, have begun follow up discussions around the opportunities in Zambia. Additionally, a water purification company and a renewable energy company are also exploring Zambia's opportunities.
Los Angeles County is the entertainment, manufacturing, and international trade capital of America and with $500 billion in annual output, Los Angeles County ranks among the world's largest economies. Zambia is Africa's number one copper producer and ranks in the top 10 of the worlds copper producers. For the last decade, Zambia has averaged
a 6.5% annual GDP growth, hitting 7.4% in 2011. It is estimated to hit 8% in 2012. According to the Economist, Zambia is currently among the top10 fastest growing economies in the world. Honorable Sichinga reiterated that it was imperative for Zambia to partner with Los Angeles. Los Angeles and the capital city of Zambia, Lusaka have been sister cities since May 1968. He stated that he would like to encourage both cities to maximize their 44 year old relationship.