Ambassador Foote’s Remarks
Cocktail Reception for the Visiting U.S. Trade Delegation
February 26, 2019, 6:00 p.m.
- I want to acknowledge the Honorable Ministers here this evening, including:
Honorable Christopher Yaluma of the Ministry of Commerce, Trade, and Industry;
Honorable Chitalu Chilufya of the Ministry of Health;Honorable Dora Siliya of the Ministry of Information and Broadcasting; Honorable Brian Mushimba of the Ministry of Transport and Communication; and
Honorable David Mabumba of the Ministry of General Education;
Zambian government officials;
members of the U.S. trade delegation;
the Bizzell Group of the United States, which is the official sponsor of this delegation;
Leaders and members of the American Chamber of Commerce;
distinguished guests, ladies and gentlemen;
as we say in Zambia, all protocols observed.
- It is an honor to celebrate with you the growing bilateral business and economic ties that exist between our two countries. I am pleased to welcome three companies that are based in the U.S. state of Maryland – Global Media, Earth Networks, and Amethyst Technologies – as they seek out new markets and partners in Zambia.
- Trade delegations are a product of a partnership between the U.S. Departments of Commerce and State as we seek to help businesses build networks with potential partners here in Zambia in a short period of time.
- We cannot be successful with this matchmaking without our network of private sector businesses – the foreign investors who have already created successful ventures, and most importantly Zambian businesses that are growing this economy and looking for innovative technology to grow faster and more efficiently.
- The American Chamber of Commerce in Zambia is the cornerstone of this network, and we support them and applaud their efforts to bring American ingenuity and private sector know-how to Zambia. Through the Chamber, U.S. businesses can find deep institutional knowledge of the business environment in Zambia more quickly than going it alone.
- Nothing, or no one, speaks louder to potential investors than representatives of the private sector who are currently here, working the market, making deals, and overcoming obstacles. Zambia has a lot of potential. We need your voices and guidance to continue to unlock that potential. I want to thank the members of the AmCham who have come tonight to meet with this delegation and invite you to keep the networking conversation going.
- I also want to highlight the important role that government plays in facilitating business and economy activity. Businesses need an enabling environment of stable and predictable economic policies that allows them to plan for short- and long-term business cycles and cost out returns on investment. Businesses need fair and transparent procurement practices and policies.
- I have spoken with many of the government ministers here tonight about this issue. While Zambia has been known as a welcoming and stable country, much work remains to attract large and diverse sources of foreign investment. I know Minister Yaluma is committed to that vision, which is why he is speaking in just a few moments.
- The U.S. government shares the business community’s’ goals for Zambia – government policies and signals that allow business and entrepreneurs to flourish and develop, creating jobs and services that increase prosperity and improve quality of life for all – while making a fair profit, which is the ultimate goal of any private business.
- I want to thank you all again for joining us this evening and assure you that the U.S. Embassy stands ready to promote U.S. investment in Zambia.
- At this time, I would like to call the Honorable Minister of Commerce, Trade, and Industry Christopher Yaluma up to the podium to give his remarks. Honorable Minister.