Development Economics

In 2000, the African Growth and Opportunity Act (AGOA) was enacted with a bold promise to serve as the bridge connecting Sub-Saharan Africa (SSA) to the U.S. market. AGOA was designed to offer unilateral, duty – free access to over 1800 products in the U.S., in addition to the more than 5,000 products that are also eligible for duty-free access under the Generalized System of Preferences (GSP) program, to catalyze export-led growth, attract foreign direct investment and accelerate industrialization across Africa. As AGOA was set to lapse in 2025 and following several negotiations for the Agreement’s extension to December 2028, today the verdict is mixed, and the economic landscape tells a complicated story. In this blog, I argue that the question before African policymakers is no longer whether AGOA is renewed, but what the repeated cycle of lapse and extension reveals: that a unilateral preference regime, however long its runway, cannot substitute for the regional integration, rules-of-origin harmonization, and mid-stream industrial capabilities that only Africans can build for themselves.

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

While much has been written about the African Continental Free Trade Area (AfCFTA), very few studies address the social, political and cultural implications of this new regional bloc from the perspective of international economic law. In this respect, Professor Kufuor’s book pushes disciplinary boundaries and presents an original account of how markets have been constituted, expanded and reformulated across Africa. Kufuor draws on a range of theoretical lenses from international political economy, jurisprudence, history, sociology and economics to critically evaluate what institutional shifts will be required at different levels of governance if the aim of pan-African unification through a rules-based order is to materialise.