Former New York City Mayor Michael Bloomberg addressed the Africa-US Business Forum in Washington D.C. with a vision of mutually beneficial trade agreements between the U.S. and Africa. Bloomberg is one of the sponsors of the Summit, and with New York City containing the largest African Diaspora in the United States and a large number of immigrants from Africa, many of the $900 million in deals expected to be announced at the forum should benefit The Big Apple.
“There’s a market of 600 million people in Africa. That’s a big market for us to sell products America makes. There’s a big middle class growing. They are interested in luxury goods and commodity goods.”
Bloomberg continued, “They make a lot of products we want to buy …. One of the things about doing business in a place like Africa is that you sell more products. Therefore, you create jobs.”