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Abstract | |||||||||||||||
| This paper describes the recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. AGOA expands the scope of preferential access of Africa's exports to the U.S. in key areas such as clothing. However, its mediumterm benefits—estimated at about US$100-US$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 which African exporters of clothing must comply with to benefit from duty-free access. | |||||||||||||||
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