Publication:
Uncertainty in Preferential Trade Agreements: Impact of AGOA Suspensions on Exports

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dc.contributor.authorEdjigu, Habtamu
dc.contributor.authorHakobyan, Shushanik
dc.contributor.authorKassa, Woubet
dc.date.accessioned2023-05-01T16:30:51Z
dc.date.available2023-05-01T16:30:51Z
dc.date.issued2023-05-01
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/099212404272329040/IDU0e80fbc010cd72049ca0a9560a77e6c4bf776
dc.identifier.doi10.1596/1813-9450-10424
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39754
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10424
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFRICA GROWTH AND OPPORTUNITY ACT (ACGOA)
dc.subjectPREFERENTIAL TRADE AGREEMENT
dc.subjectEXPORT UNCERTAINTY
dc.subjectEXPORT DECLINE
dc.subjectFREE TRADE AGREEMENT
dc.subjectRECIPROCITY
dc.subjectAPPAREL AND TEXTILE EXPORTS
dc.titleUncertainty in Preferential Trade Agreementsen
dc.title.subtitleImpact of AGOA Suspensions on Exportsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleUncertainty in Preferential Trade Agreements: Impact of AGOA Suspensions on Exports
okr.date.disclosure2023-04-27
okr.date.lastmodified2023-04-27T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099212404272329040/IDU0e80fbc010cd72049ca0a9560a77e6c4bf776
okr.guid099212404272329040
okr.guid099745109272327303
okr.identifier.docmidIDU-e80fbc01-cd72-49ca-a956-a77e6c4bf776
okr.identifier.doi10.1596/1813-9450-10424
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10424
okr.identifier.externaldocumentum34051195
okr.identifier.internaldocumentum34051195
okr.identifier.reportWPS10424
okr.import.id577
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099212404272329040/pdf/IDU0e80fbc010cd72049ca0a9560a77e6c4bf776.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.administrativeAfrica
okr.region.geographicalAfrica
okr.topicAgriculture::Agricultural Trade
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Free Trade
okr.unitOffice of the Chief Economist (AFECE)
relation.isAuthorOfPublication87a89be1-564e-57a6-8827-b603d624fd3d
relation.isAuthorOfPublication.latestForDiscovery87a89be1-564e-57a6-8827-b603d624fd3d
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