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.

Question

Quizplus · Accepted Answer

The African Growth and Opportunities Act (AGOA) is designed to support and facilitate trade with sub-Saharan African countries that are making significant progress toward economic liberalization, rather than providing aid. However, AGOA does not directly require or incentivize African nations to help neighboring countries in need. The other statements are true: AGOA's theme is "Trade, not Aid," the law is designed to support economic liberalization, and African companies can find it easier to access financing from the U.S. Export-Import Bank.

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