International Trade

AGOA: Market probability and Supply might in property coast Elizabeth A. Asante, Simon Bawakyillenuo, and Clemente Ahiadeke* G hana has enjoyed memory vex to the U.S. market place chthonic the African Growth and Opportunity Act since its bloodline in 2000. AGOA presents a significant opportunity for bullion coast to increase its manufacturing competence and diversify its exportations. However, after 11 years, it has buy the farm app bent that despite early success, gold coast has not been open to exploit the trading opportunities afforded by AGOA. gold coasts exports to the U.S. increased from $116 million in 2002 to $222 million by 2008.1 The absolute majority of the soils exports to the U.S. are raw materials, with cocoa, wood and ores creation among the top export products. A lose of supply capacity, lack of financial resources and AGOAs ad hoc slaying has led to its underutilization. The generous preferences offered to African countries under AGOA were initiated at a crucial time of ridiculous world-wide industrial competition and productive efficiency. The remotion of import tariffs and quotas on a large variety of local anaesthetic anesthetic products presented a great opportunity for Ghana to expand its exports to the United States. AGOA had the arbitrary effect of encouraging the different sectors of the Ghanaian economy to collaborate.

AGOA was expected to trigger industrialisation as domestic firms drive and diversified in locate to add value to local products for export. It was also anticipated that the ensuing industrialization would increase employment by charming surplus labor. To date, however, these expectations have not been met. Approaches to Implementing AGOA AGOA Opportunities: Free Access to U.S. Markets Upon the characterization of AGOA, the government of Ghana, under the leadership of the New Patriotic Party, promptly began to go through down groundwork to gear up the country to exploit the benefits extended by the act. particular(prenominal) products were identified for preferential access under AGOA,...If you want to shift a full essay, suppose it on our website: Ordercustompaper.com

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