Economic Partnership Agreement

TABLE OF CONTENTS INTRODUCTION1 FORERUNNERS4 EPAs AND THE CARIBBEAN5 STRATEGIES IN ACTION8 CONCLUSION12 good word14 BIBLIOGRAPY16 INTRODUCTION The Economic Partnership Agreement (EPA) is a free consider agreement between the EU and ACP sub-regions. Unlike other agreements the EPA is an doer for victimization. Benefits of the agreement include regional integration, social development and betray negotiation. The negotiations on the EPAs offici aloney started in Brussels on twenty-seventh September 2002 and were to take place over a five-spot year time period. The negotiations were to basically provide assistance to the ACP (African, Caribbean and Pacific Countries) as it was felt that they were being put at a disadvantage with the current rules in place under the WTO. The ACP is do up of six groups, the West Africa group, the Pacific group, the East & grey Africa (ESA) group, the Southern Africa Development Community (SADC), the Central Africa group and the Caribbean (CARIFORUM) group. The CARIFORUM comprises of all the Caribbean islands excluding Cuba.

The ACP countries were at the bottom of the list in terms of exports to the European markets and it was felt that the EPAs would provide these countries with much more opportunities for trade and return. some(prenominal) agreements that came out of the EPAs however were to be in accordance or compatible with the WTO trade agreements already in place. The EPAs are aimed at systematically removing the barriers to trade which in turn will come across the ACP countries more competitive. The European and ACP parties agreed that the EPAs contribute directly to the development of the ACP states while helping them to expand their markets and improving the predictability and transparency of the healthy framework governing trade, creating thereby suitable conditions for investment growth and the mobilization of private sector initiatives in order to mend the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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