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Uncertainty in Preferential Trade Agreements : Impact of AGOA Suspensions on Exports / Habtamu Edjigu, Shushanik Hakobyan, Woubet Kassa.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- Edjigu, Habtamu, author.
- Hakobyan, Shushanik, author.
- Kassa, Woubet, author.
- Series:
- Policy research working papers.
- Policy research working papers
- Language:
- English
- Subjects (All):
- Tariff preferences.
- Exports--Africa.
- Exports.
- Uncertainty.
- Free trade--Africa.
- Free trade.
- Physical Description:
- 1 online resource (27 pages).
- Other Title:
- Uncertainty in Preferential Trade Agreements
- Place of Publication:
- Washington, DC : World Bank, 2023.
- Summary:
- This study examines the impact of the abrupt suspension of African Growth and Opportunity Act benefits on exports from eligible African countries. The study uses a triple difference-in-differences estimation that controls for both country- and product-level export changes. The results suggest that the suspension of the African Growth and Opportunity Act has had a considerable negative impact on the level of exports to the United States. The impact appears to be bigger for countries with a high African Growth and Opportunity Act utilization rate. The suspension is associated with a 39 percent decline in exports to the United States. At the product level, the suspension hurt apparel and textile exports, leading to a decline of their exports by about 88 percent. Understanding the impact of withdrawing access to a nonreciprocal trade agreement is particularly important now, as the European Union began negotiating Economic Partnership Agreements with African countries, as a sign of a shift to reciprocity; the United States is considering a similar path of negotiating free trade agreements with individual African countries. These developments underscore the need to prepare for a post-African Growth and Opportunity Act period with more reciprocity, as trade uncertainty is becoming rampant.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Publisher Number:
- 10.1596/1813-9450-10424
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