>>> THEY ARE DELIBERATELY AND
AGGRESSIVELY TARGETING THEIR
INVESTMENTS IN THE REGION TO
GAIN A COMPETITIVE ADVANTAGE
OVER THE UNITED STATES.
SHOULD THIS OCCUR, THE BALANCE
OF POWER IN THE HORN OF AFRICA
ASTRIDE MAJOR ARTERIES OF
MARITIME TRADE BETWEEN EUROPE,
THE MIDDLE EAST AND SOUTH ASIA,
WOULD SHIFT IN FAVOR OF CHINA.
LIZ: NATIONAL SECURITY ADVISER
JOHN BOLTON, SOUNDING A NEW
ALARM ON CHINA AND RUSSIA'S
QUIET BUT MASSIVE INVESTMENTS
ENCROACHING ON THE AFRICAN
CONTINENT, AS THOSE COUNTRIES
PLANT THEIR ECONOMIC FLAGS
ACROSS THE REGION, BOLTON PUT A
NUMBER ON IT, SAYING BETWEEN
2016 AND 2017, CHINA PLOWED $6.4
BILLION INTO AFRICA.
RUSSIA, FOR ITS PART, IS PUSHING
ITS OWN ARMS AND ENERGY ON THE
CONTINENT AS IT THEN EXTRACTS
RARE EARTH MINERALS AND OTHER
NATURAL RESOURCES.
UNDER BOLTON'S NEW PROSPER
AFRICA STRATEGY, THE U.S. WILL
TAKE ON THOSE THREATS BY
REINFORCING ECONOMIC TIES WITH
AFRICA.
WE BRING IN, IN A FOX BUSINESS
EXCLUSIVE, AMBASSADOR MICHAEL
FROMAN, FORMER U.S. TRADE
REPRESENTATIVE UNDER PRESIDENT
OBAMA, ALSO MASTERCARD'S VICE
CHAIR AND STRATEGIC GROWTH
PRESIDENT.
AMBASSADOR, GET TO IT.
AT FIRST THIS STRUCK US AS
INTERESTING THAT THE NATIONAL
SECURITY ADVISER WOULD BE THE
GUY TO ANNOUNCE AN ECONOMIC PLAN
OR PARTNERSHIP WITH AFRICA.
HOW DO YOU SEE IT?
>> WELL, LOOK, I THINK THIS IS A
POSITIVE MOVE IN THAT WE HAVE A
GREAT OPPORTUNITY IN AFRICA TO
EXPAND TRADE AND INVESTMENT.
IF YOU LOOK BACK HISTORICALLY,
BACK IN 2000 AT THE END OF THE
CLINTON ADMINISTRATION, WE PUT
IN PLACE THE AFRICAN GROWTH AND
OPPORTUNITY ACT WHICH ALLOWED
EXPORTS FROM AFRICA TO COME INTO
THE U.S. DUTY-FREE AND DURING
THE OBAMA ADMINISTRATION, WE
FOCUSED ON BRINGING ELECTRICITY
TO AFRICA, THE POWER AFRICA
INITIATIVE WHICH I'M DELIGHTED
THE TRUMP ADMINISTRATION HAS
CONTINUED.
THERE'S A LOT MORE THAT WE CAN
DO THERE, BOTH AS A GOVERNMENT
WITH DEVELOPMENT FINANCE
INSTITUTIONS BUT ALSO VERY MUCH
THE PRIVATE SECTOR, FINDING THE
RIGHT OPPORTUNITIES THERE TO
INVEST IN AFRICA.
LIZ: SO WE SHOWED THIS MAP, I
DON'T KNOW IF WE CAN PUT IT UP
AGAIN.
HAVE WE MISSED THE BOAT?
BECAUSE IT'S BEEN I THINK IN THE
LAST DECADE, THAT CHINA HAS
GRABBED THAT TOP TRADING PARTNER
SPOT WITH AFRICA.
THE YELLOW PARTS OF THIS MAP ARE
ALL CHINA.
ARE WE THAT FAR BEHIND?
CAN WE GET IN THERE?
WHAT WILL IT TAKE?
>> CHINA IS IN THERE IN A BIG
WAY.
THEY HAVE INVESTED IN A LOT OF
INFRASTRUCTURE, WHETHER IT'S
ROADS OR BUILDINGS OR AIRPORTS.
THEY HAVE INVESTED A LOT IN
EXTRACTIVE INDUSTRIES, TAKING
MINERALS AND OIL OUT OF THE
CONTINENT.
I THINK WHAT THE U.S. CAN DO IS
TO INVEST IN BUILDING CAPACITY
IN AFRICA, AND THAT GIVES US A
LOT OF GOOD WILL WITH THE PEOPLE
AND THE GOVERNMENTS OF THE
CONTINENT.
WE'RE NOT JUST THERE TO TAKE --
EXTRACT RESOURCES OUT OF THE
CONTINENT.
WE CAN BE THERE TO INVEST IN
