U.S-Africa Business Summit: WTC: African companies are expanding into the U.S market

The World Trade Center, Delaware, is setting its sights on Africa as the next growth frontier, aiming to promote international trade and facilitate the expansion of businesses into the U.S. market. In an exclusive interview with CNBC Africa, Carla Stone, President of the World Trade Center, Delaware, shared insights into the organization's strategies to help companies grow and thrive through importing and exporting. With a focus on promoting Delaware as a prime location for companies to enter the U.S. market, the World Trade Center is actively seeking partnerships with African companies to foster mutual growth and success. One of the key ways in which the World Trade Center supports companies is through trade missions. By organizing inbound and outbound trade missions, providing extensive training on trade finance, regulations, market assessment, and facilitating networking opportunities with like-minded businesses globally, the center equips companies with the tools and resources needed to succeed in the competitive business landscape. During the U.S-Africa Business Summit, Carla Stone attended sessions on trade and investment in Botswana, highlighting the importance of accurate and up-to-date information for companies looking to expand into new markets. By fostering partnerships with countries like Botswana, the World Trade Center aims to enhance communication, cultural understanding, and build long-term relationships that benefit both sides. Stone emphasized the significance of taking the time to build strong relationships, whether in person or virtually, to establish a solid foundation for successful collaborations. With over 320 centers in nearly 100 countries, the World Trade Centers Association offers a vast network of resources and opportunities for expanding partnerships with emerging markets in Africa. By leveraging the expertise of the Corporate Council and tapping into the resources of countries with World Trade Centers, the Delaware branch aims to connect its members with valuable resources and support to facilitate their entry into the U.S. market. Delaware's reputation as the corporate capital of the world further solidifies its position as an ideal gateway for businesses looking to enter the U.S. market. With a rich history of corporate law, including the renowned Chancery Courts that specialize in resolving business disputes efficiently, Delaware provides a favorable environment for corporations to thrive. The presence of a robust business services sector, comprising international economists, accountants, and attorneys well-versed in trade and international laws, adds additional value for companies seeking to establish a foothold in the U.S. As Carla Stone highlighted, Delaware's unique legal infrastructure and business-friendly environment make it a premier destination for companies seeking to expand their operations into the U.S. market. With a focus on fostering strategic partnerships with African companies and leveraging the global network of the World Trade Centers Association, the Delaware World Trade Center is poised to facilitate international trade and drive economic growth for businesses on both continents.