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Mar 1, 2014Keywords:
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Analysis of The African Growth And Opportunity Act And Nigeria United States Trade Relations, 2000-2012
Abstract
The study examined the effects of African Growth and Opportunity Act on Nigeria- United. States trade relations between 2000 and 2012. We anchored our analysis on the complex interdependence theory. Data for the study-was collected and analyzed through qualitative methods. We argued that the letter and spirit of AGOA were both in consonance with the neoclassical model of growth for SSA designed by the US. We also noted that this free flow of goods enunciated by United States in Sub-Saharan Africa through AGOA was equally to further enhance US penetrative capacity to this under developed markets in Sub-Saharan Africa. The study noted that the preferential access to US market under African Growth and Opportunity Act did not increase the volume of textile export from Nigeria to the US between 2000 and 20/2. Finally, the study made useful suggestions aimed at maximizing the benefits inherent in the Nigeria- United States trade partnership
