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n AfricaGrowth Agenda - The end of AGOA : implications and prospects for the economy of Lesotho

Volume 2011, Issue 7
  • ISSN : 1811-5187

Abstract

The African Growth and Opportunity Act (AGOA), is an act that was enacted into law by the government of the United States (US) on the 18th of May 2000 as title 1 of the Trade and Development Act of 2000. This Act allows duty and quota free entry of exports of countries in Sub-Saharan Africa into the US market. Thus, it uses trade as a development aid to African countries. Nevertheless, not all sub-Saharan African countries are eligible. The eligibility criterion sets out that a country must first qualify under the general systems of preferences (GSP). In addition, they should be seen to have established or are striving towards the following: establishing market-based economies, practice of the rule of law and political pluralism, elimination of barriers to US trade and investment, adoption of policies that target reduction of poverty and increasing availability of health care and educational opportunities for their inhabitants. AGOA I spanned 2000 to 2008 and was extended through AGOA II and III to run until 2015. This article examines the performance of Lesotho's export sector during the era of AGOA and highlights possible policy implications given its impending end.

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/content/afgrow/07/1/EJC17278
2011-07-01
2019-10-14

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