The Africa Growth and Opportunity Act and its Rules of Origin: Generosity Undermined?
International Monetary Fund, Sep 1, 2002 - Business & Economics - 36 pages
This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa''s exports to the United States in key areas such as clothing. However, its medium term benefits estimated at about US$100-$140 million, an 8 11 percent addition to current non-oil exports would have been nearly five times greater (US$540 million) if no restrictive conditions had been imposed on the terms of market access. The most important of these conditions are the rules of origin with which African exporters of clothing must comply to benefit from duty-free access.
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8-year period Africa Customs Union agricultural Apparel assembled apparel exports apparel products apparel sector assumption beneﬁts Botswana Burundi cheapest source Comoros competitors under MFA cotton coverage Developed Beneﬁciary Countries domestic price Duty eligible Equatorial Guinea equilibrium estimates export supply curve export supply elasticity exports relative ﬁbers ﬁrst Gabon Growth in exports GSP scheme impact of AGOA inputs Kenya Knitted or crocheted LDBC least developed beneﬁciary least developed countries Lesotho Madagascar Malawi Mauritius and South MFA in place MFA quotas MFN tariffs million Namibia non-apparel non-oil exports oforigin origin requirement place Quotas eliminated Plain weave preferential access prior to AGOA regional fabric rules of origin Seychelles South Africa Customs SSA’s exports staple fibers sub-Saharan African countries Swaziland tariff tariff lines Tariffs eliminated textile textiles and apparel total exports trade diversion trade under AGOA transport costs United unrestricted access value addition World Bank Woven fabrics yarn Zambia Zimbabwe