Differentiated Impact of AGOA and EBA on West African Countries
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-...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/765691623062098213/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries http://hdl.handle.net/10986/35742 |
| id |
okr-10986-35742 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-357422021-06-15T05:11:13Z Differentiated Impact of AGOA and EBA on West African Countries Coulibaly, Souleymane PREFERENTIAL TRADE AGREEMENTS EXPORT DIVERSIFICATION AGOA EBA WAEMU ECOWAS AFRICAN GROWTH OPPORTUNITY ACT EVERYTHING BUT ARMS 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. 2021-06-14T15:14:32Z 2021-06-14T15:14:32Z 2017-06-14 Working Paper http://documents.worldbank.org/curated/en/765691623062098213/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries http://hdl.handle.net/10986/35742 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Africa Africa Western and Central (AFW) West Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PREFERENTIAL TRADE AGREEMENTS EXPORT DIVERSIFICATION AGOA EBA WAEMU ECOWAS AFRICAN GROWTH OPPORTUNITY ACT EVERYTHING BUT ARMS |
| spellingShingle |
PREFERENTIAL TRADE AGREEMENTS EXPORT DIVERSIFICATION AGOA EBA WAEMU ECOWAS AFRICAN GROWTH OPPORTUNITY ACT EVERYTHING BUT ARMS Coulibaly, Souleymane Differentiated Impact of AGOA and EBA on West African Countries |
| geographic_facet |
Africa Africa Western and Central (AFW) West Africa |
| description |
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. |
| format |
Working Paper |
| author |
Coulibaly, Souleymane |
| author_facet |
Coulibaly, Souleymane |
| author_sort |
Coulibaly, Souleymane |
| title |
Differentiated Impact of AGOA and EBA on West African Countries |
| title_short |
Differentiated Impact of AGOA and EBA on West African Countries |
| title_full |
Differentiated Impact of AGOA and EBA on West African Countries |
| title_fullStr |
Differentiated Impact of AGOA and EBA on West African Countries |
| title_full_unstemmed |
Differentiated Impact of AGOA and EBA on West African Countries |
| title_sort |
differentiated impact of agoa and eba on west african countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/765691623062098213/Differentiated-Impact-of-AGOA-and-EBA-on-West-African-Countries http://hdl.handle.net/10986/35742 |
| _version_ |
1764483684112531456 |