WTO Waiver is Needed for the Extension of AGOA Come 2015 Google+

Wednesday, August 31, 2011

WTO Waiver is Needed for the Extension of AGOA Come 2015

The African Growth and Opportunity Act (AGOA) will expire in September 2015. AGOA extension requires another World Trade Organisation (WTO) waiver because it is inconsistent with the Most Favoured Nation obligation. Programs such as the Generalized System of Preferences (GSP), under which developed countries grant preferential tariff rates to developing country products, such as the African Growth and Opportunity Act (AGOA) require a waiver by the World Trade Organization (WTO) .Such programs are inconsistent with the Most Favoured National obligation because they accord some countries more favourable tariff treatment to selected countries than is accorded to other WTO Members.
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