Guide to Exporting to the US under the African Growth and Opportunity Act (Simplification of Trade agreements)

Apr 12, 2021

The United States of America (US) is the world largest economy with annual gross domestic product (GDP) of over USD 18 trillion (nominal) and a consumer base of around 330 million (ATIC, 2020). The U.S. has the tenth highest GDP per capita in the world, of USD 65 thousand per person. Great differences in income exist between the US States, with coastal regions tending to display higher income per capita. Additionally, the country is one of the world’s largest producers, with over 20% of the world’s products originating in the U.S. (Focus Economics, 2020). This indicates the potential to trade with the U.S. in raw and intermediary goods as inputs for manufacturing.

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