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Why Nigeria Failed to Access AGOA – US

The United States of America has said that the inability of Nigerian products to meet the basic export standard hinders the country from tapping the benefit accrued in the African Growth and Opportunities Act (AGOA).

The African Growth and Opportunity Act (AGOA) was signed into law by the America government on May 18, 2000 as Title I of the Trade and Development Act of 2000.

The Act offer tangible incentives for African countries to continue their effort to open their economies and build free market.  AGOA authorizes the American president to provide duty-free treatment under General System of Preferences (GSP) for any article, after the US Trade Representatives (USTR) and US International Trade Commission (USITC) have determined that the article is not import sensitive when imported from African countries.