A comparative analysis of EU and US trade preferences for the LDCs and AGOA beneficiaries

Elwyn Davies () and L. Nilsson ()
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L. Nilsson: DG Trade

No 2013-1, DG TRADE Chief Economist Notes from Directorate General for Trade, European Commission

Abstract: In light of the much praised US African Growth and Opportunity Act (AGOA), this study compares EU and US preferential trade policies towards the least developed countries (LDCs) under the EU Everything but Arms (EBA) initiative and the countries covered by the US AGOA. The descriptive analysis examines and compares product coverage, diversification of imports, share and value of preferential imports and preference utilisation rates. The empirical analysis, conducted in a gravity setting, compares the relative trade creating effects of the EU and US schemes. Excluding mineral fuels, it finds that EU preferential trade policies generate about twice as much trade as do corresponding US policies.

Keywords: EU trade; US trade; preference utilisation; LDCs (search for similar items in EconPapers)
JEL-codes: F13 F14 F35 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-02-07
New Economics Papers: this item is included in nep-afr and nep-int
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Citations: View citations in EconPapers (6)

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