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Friday, 17 July 2015

Joint UE-Cariforum EPA Council meet in Georgetown

The Third Meeting of the Joint CARIFORUM-European Union (EU) Council under the Economic Partnership Agreement (EPA) is taking place in Guyana. It is the first political engagement, between CARIFORUM and the EU, on the Joint CARIFORUM-EU Five Year Review of the EPA. The Meeting is being held under the chairmanship of Hon. Oliver Joseph, Minister of Economic Development, Planning, Trade, Cooperatives and International Business of Grenada and several Cariforum states are represented at the Ministerial level. The EU is represented by Mr. Jean Asselborn, Minister of Foreign Affairs of Luxembourg representing the Council of the European Union, and Mrs. Cecilia Malmström, Commissioner for Trade, European Commission. In her opening speech, Commissioner Malmström underlined the importance of meeting in the historically important destination of Georgetown where the ACP was born through the Georgetown Agreement 40years ago.  The Commissioner recognised that the objectives set for the deal in 2008 have not yet been met, namely due to the economic and financial crisis that ensued after the signing of the deal, and the lack of implementation, including ratification by all signatory states. The Hon. Joseph highlighted that with hindsight, the Cariforum states underestimated the level of effort and commitment required to extract the potential benefits of the EPA. He also underscored the importance of ensuring that the benefits of the EPA filter down to the people of the Caribbean.

Source: trade.ec.europa.eu