Unilateral trade liberalization and developing countries' trade policies: The case of AGOA beneficiary SSA countries
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Date
2010-05
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A.A.U
Abstract
Special and deferential treatment of developing countries by developed nations
is at the heart of current development rounds. Devising instruments that provide
Preferential market access to big markets for some products from selected
developing countries was required to implement the SDT of LDCs. AGOA was
Designed and implemented by the U.S. Congress in May 2000 to grant free
access to the U.S. market for virtually all products from eligible SSA countries.
But a host of literatures argue that such unilateral trade liberalization triggers
Restrictive trade policies and jeopardize negotiated multilateral trade
Liberalization efforts and its benefits in the preference recipient developing
countries. This paper takes up this problem to test whether AGOA is favoring
restrictive trade policy in the beneficiary SSA countries by adopting panel data
analysis. The relations hip between restrictive trade policy and AGOA in the
region is not strong and even negative in some cases.
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Keywords
Beneficiary, Developing