We have been especially pleased to have worked hand in hand with Members of Congress and this subcommittee, to forge a new proactive and forward-looking trade relationship with Africa. The African Growth and Opportunity Act is key to transforming the way we do business with our emerging African trading partners. We are very pleased the House passed the bill last week, and I would like to thank especially Chairman Royce and Congressman Menendez for their outstanding leadership in achieving House passage of this historic legislation, and others on the subcommittee for their support. We hope the Senate will move to enact this legislation without delay. There are many bright spots on Africa's horizon.
Economic growth is on the upswing.
Nations liberalizing their economies are beginning to reap the benefits of free markets and economic reform. With economic growth and reform comes increased international interest. Our bilateral trade has picked up speed. Throughout Africa, economic development is matched by signs of political reform and increased stability. In this decade, we have witnessed the dramatic end of apartheid in South Africa.