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Economic Partnership Agreements:

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EPAs: a new approach to EU-ACP trade cooperation ... 9 AFRICAN COUNTRIES REPRESENT. 60 % OF TOTAL ACP EXPORT. 5. 6. LESSONS LEARNT ... – PowerPoint PPT presentation

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Title: Economic Partnership Agreements:


1
Economic Partnership Agreements A new
approach to ACP-EU economic and trade
cooperation Commission Européenne Accra, FAO
Regional Clarification seminar, 17 february 2005


2
  • EPAs a new approach to EU-ACP trade cooperation
  • State of negotiations in West and Central Africa
    Region
  • Conclusions

3
1. EPAs a new approach to EU-ACP trade
cooperation
4
LACK OF ACP EXPORT DIVERSIFICATION (2003)
  • 5 PRODUCTS 60 of total Exports
  • (petroleum, diamonds, cocoa, fish, and wood
    products)

9 AFRICAN COUNTRIES REPRESENT 60
OF TOTAL ACP EXPORT
5
(No Transcript)
6
  • LESSONS LEARNT
  • Unilateral Preferences
  • Are Not Enough
  • Preferences do not encourage diversification
  • Perverse incentive against trade liberalisation
  • Preference erosion increases as multilateral
    liberalisation progresses

7
  • TOWARDS A NEW APPROACH
  • The Cotonou Agreement
  • Three pillars
  • Political dialogue
  • Development co-operation
  • Economic and trade co-operation

8
  • TOWARDS A NEW APPROACH
  • The Cornerstones of EPAs
  • Partnership
  • Development dimension
  • Regional integration
  • WTO compatibility

9
  • Development dimension
  • EPAs as process and instruments for development
  • Integrated approach (Cotonou pillars)
  • Trade policy as instrument for development
  • Mainstream trade into development strategy (RPTF)

10
  • Regional integration
  • First step towards gradual integration into world
    economy
  • Enlarging markets for attracting investment
  • Support ACP political choices
  • Combined South-South-North cooperation (lock-in
    effects)

11
  • WTO compatibility
  • EPAs will be fully compatible with WTO rules
  • Gradual introduction of reciprocity
  • Asymmetry, flexibility, differentiation, variable
    speed and geometry
  • Complementarity DDA/WTO and EPAs

12
  • 2. State of negotiations in West and Central
    Africa Region
  • September 2002 October 2003
  • First phase at all-ACP level
  • Clarification phase
  • Development dimension, Legal issues, Market
    access, Trade-related areas, Agriculture,
    Services
  • Joint Report and Declaration
  • October 2003 end 2007
  • Regional negotiations and Coordination at all
    ACP level
  • 2008 Entry into force

13
State of negotiations in West and Central Africa
Region
  • Road map
  • Deepening Regional Integration
  • Competitiviness
  • Preparation and follow up of negotiations
  • Calendar for negotiations
  • The RPTF

14
State of negotiations in West and Central Africa
Region
  • Road map The calendar
  • Introductory priority setting phase (3 months)
  • Convergence on strategic approach (until mid
    2005)
  • Understanding on regional integration policies
    and priorities and on level of integration to be
    achieved when EPA implementation starts
  • Structuring and consolidation (until mid 2006)
  • Remaining trade related issues to be included in
    EPA
  • Prepare liberalisation scenarios
  • draft outline of EPA
  • Finalisation of negotiations (until end of 2007)
  • Negotiation of market access
  • Finalisation of EPA

15
Regional Preparatory Task Force
  • Objectifs
  • Mainstream trade in development policies
  • Bridge between pilars of the Cotonou Agreement
    Trade pilar and financing cooperation pilar
  • Complementarity with development partners

16
EC Trade Support Initiatives
  • Intra-ACP horizontal All ACP instruments
  • WTO negotiation capacity building facility 10
    M
  • EPA negotiation capacity building facility 20
    M
  • Trade.Com 50 M
  • ProInvest 110 M (TRINNEX)
  • Centre for the Development of Enterprise - 90 M
  • Pesticides programme 29 M
  • Fisheries programme 43 M
  • Programmed Aid 9th EDF
  • West Africa Regional Indicative Programme - 235
    M
  • National Indicative Programmes
  • Investment Facility

17
3. Conclusions
  • EPAs are an opportunity
  • ACP development is the objective
  • Make the RPTF work
  • Very little time left
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