AGOA or EBA?
The United States (US) and European Union (EU) both have preferential trade agreements with least developed countries with the aim of increasing trade volumes in order to catalyse development. The US implemented their system, the “African Growth and Opportunity Act” (AGOA) in 2000 and the EU followed with “Everything But Arms” (EBA) in 2001. Since these preference systems have the goal of increasi