Teknoloji Haberleri internet Haberleri Web Güvenliği Teknoloji Yazılım Bilim Teqnoloji
Caribbean: EPA Not so Momentous After All, Study Says

Video guest: Josephine Mwangi

February 2020
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1


Follow the CTA Brussels Daily


twitter logo


facebook logo cta

Friday, 24 September 2010

Caribbean: EPA Not so Momentous After All, Study Says

Almost two years after the controversial and sweeping trade pact known as an Economic Partnership Agreement (EPA) was signed between the European Union and the Caribbean Forum (CARIFORUM) countries, a new study says the impact of the EPA has proved to be, as its proponents claimed, relatively mild."None of the critics set out to test the propositions made by the EPA's negotiators that the fiscal impacts might not be so grave and that revenues lost to new imports would be offset by access to new markets," the study says. Conducted by the Jamaica-based Caribbean Policy Research Institute (CaPRI) and the Centre for International Governance Innovation (CIGI), the study found that, contrary to claims that the agreement would prove disastrous for Caribbean economies, the economic effects on the four countries studied - Jamaica, Guyana, Trinidad and Tobago, and St. Lucia - would likely be minimal. The researchers found that Jamaica, for instance, stands to improve its trade balance with Europe, if only marginally.

Source: Inter Press News Service Agency