Acta Universitatis Danubius. Œconomica, Vol 15, No 3 (2019)

United States–Nigeria’s Trade Relations before the African Growth and Opportunity Act

Temitope Peter Ola

Abstract


The study discussed the foundations for United States (U.S.)–Nigeria’s trade relations within the African Growth and Opportunity Act (AGOA). The study is descriptive and data is obtained from primary and secondary sources. The centre-periphery brand of the dependency theory is used to x-ray U.S.–Nigeria’s economic prior to the commencement of the application of the provisions AGOA in 2001. The findings of the study show that though U.S.–Nigeria’s trade relations intensified in the years preceding AGOA there were built-in impediments to the bilateral trade. The study implied that an adequate appreciation of the pre-policy situation is needed for a comprehensive understanding of U.S.–Nigeria’s bilateral trade relations under AGOA.


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