Which of the following statement is not true related to the African Growth and Opportunities Act (AGOA)?
A)The theme of the AGOA is "Trade,not Aid."
B)It is designed to help African nations that help neighboring countries in need.
C)The law is designed to support African nations that make significant progress toward economic liberalization.
D)African companies will find it easier to gain access to financing from the U.S.Export-Import Bank.
E)AGOA represents a formal step toward a U.S.-Africa free trade area.

Question

Quizplus · Accepted Answer

AGOA is primarily focused on enhancing trade relations and economic growth between the United States and eligible Sub-Saharan African countries through trade benefits, rather than directly aiming to help African nations that assist neighboring countries in need. Its main objectives include promoting economic reform and development, rather than direct assistance to third countries.

Which of the Following Statement Is Not True Related to the African