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Vol 5 (AAC) No 12

Published 1st October 2012

A temporary revolution

A new study from the University of Oxford’s Centre for the Study of African Economies* reveals that the boom in Asian textile investment in Africa is over. To avoid quotas imposed on Asian producers under the World Trade Organisation’s Multifibre Agreement (1974-2004) and to make the most of the incentives created by the United States’ African Growth and Opportunities Act (AGOA), companies from China and Taiwan set up operations across Africa. But since the close of the MFA and the end to US quotas on Chinese goods in 2008, the investment flows have dried up.

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