Differentiated Impact of AGOA and EBA on West African Countries

Publication:
Differentiated Impact of AGOA and EBA on West African Countries

dc.contributor.author	Coulibaly, Souleymane
dc.date.accessioned	2021-06-14T15:14:32Z
dc.date.available	2021-06-14T15:14:32Z
dc.date.issued	2017-06-14
dc.description.abstract	The African Growth Opportunity Act (AGOA) and Everything But Arms (EBA), two preferential agreements extended by the United States (AGOA) and the European Union (EU) (EBA) to some developing countries seem to have contributed somewhat to boost Sub-Saharan Africa’s exports since 2001. However, not all African countries have benefited from them, among which West African countries. Paradoxically, these latter countries host two of the most advanced regional economic communities in Sub-Saharan Africa: the West African Economic and Monetary Union (WAEMU) sharing a common monetary policy that has consistently maintained inflation low and forming a customs union with a compensation mechanism to uphold the common external tariff; and the economic community of West African States (ECOWAS) maintaining a regional military force (ECOMOG) and peer pressure that have rooted out military coups in its member countries. Simulations derived from a Pseudo Poisson maximum likelihood gravity model estimation show that West Africa could be exporting 2.5 to 4 times more to the EU and the US if AGOA and EBA were not implemented in a differentiated manner, in terms of country eligibility, product coverage, and rules of origins. Given such trade creation potential for a group of countries committed to deep regional integration, a revision of AGOA and EBA, or a special ECOWAS and WAEMU provision will make these preferential trade agreements a driving force behind the success of regional integration in Sub-Saharan Africa.	en
dc.identifier	http://documents.worldbank.org/curated/en/765691623062098213/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries
dc.identifier.doi	10.1596/35742
dc.identifier.uri	https://hdl.handle.net/10986/35742
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	PREFERENTIAL TRADE AGREEMENTS
dc.subject	EXPORT DIVERSIFICATION
dc.subject	AGOA
dc.subject	EBA
dc.subject	WAEMU
dc.subject	ECOWAS
dc.subject	AFRICAN GROWTH OPPORTUNITY ACT
dc.subject	EVERYTHING BUT ARMS
dc.title	Differentiated Impact of AGOA and EBA on West African Countries	en
dc.type	Working Paper	en
dc.type	Document de travail	fr
dc.type	Documento de trabajo	es
dspace.entity.type	Publication
okr.crossref.title	Differentiated Impact of AGOA and EBA on West African Countries
okr.date.disclosure	2021-06-07
okr.date.doiregistration	2025-05-05T12:46:32.486447Z
okr.doctype	Publications & Research::Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/765691623062098213/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries
okr.guid	765691623062098213
okr.identifier.externaldocumentum	090224b088679818_1_0
okr.identifier.internaldocumentum	33137772
okr.identifier.report	160071
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/765691623062098213/pdf/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries.pdf	en
okr.region.administrative	Africa
okr.region.administrative	Africa Western and Central (AFW)
okr.region.geographical	West Africa
okr.topic	International Economics and Trade::Export Competitiveness
okr.topic	International Economics and Trade::International Trade and Trade Rules
okr.topic	International Economics and Trade::Rules of Origin
okr.topic	International Economics and Trade::Trade Policy
okr.topic	International Economics and Trade::Trade and Regional Integration
okr.unit	Office of the Chief Economist (AFECE)
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