Brics multilateral partnership agreement has much more investment potential than the african growth and opportunity act (agoa)

Since the establishment in 2000, agoa has not made much desirable advancement in trade facilitation and growth in which usa anchored their core economic policy and commercial trade engagement with africa, agoa business opportunities continues to dwindling with a reasonably declined in the recent years.

The comparable facts between brics partnership and agoa business opportunities is that from the perspective of an african developing country, agoa has a narrowed or limited business opportunities in size of market, products, and policy barriers including environmental restrictions than brics partnership in business cooperations among member states of the brics economic block in relation to foreign investment strategies.

Brics is developmental in nature and has a wider scope for business adventures and cost cutting potentials for international trade among member states than agoa presents.

The recent trade wars tools (tariff hikes) approach, mostly adopted by the usa current president donald trump, may quickens some of the world economic powers to widening their search and ambition to invite more african countries to join their community to provide a stronger alternative, and formidable opposition to the western economic block of the g7 in the world economic politics.