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Tuesday, 01 December 2015

ACP critical of EU blacklisting regional states

Secretary General of the African Caribbean and Pacific (ACP), Dr. Patrick Gomes, says moves by the European Union (EU) countries to “attack” the financial services in the Caribbean are “unjustified” and other accusations by the European Commission on the region’s financial services “are unfounded”. “What we want to see from the Caribbean and has often been pointed out by the Caribbean, the scope for the Caribbean’s EPA (Economic Partnership Agreement) to really make headway is to look at the services sector…and that means access to what is called vote for, whereby processionals from the Caribbean and also the financial services now that coming under attack by very indiscreet and not an objective assessment of referring to our text administrations as not sufficiently regularised. “Well we think that accusation coming from the European Commission is unfounded and even the OECD (Organization of Economic Corporation and Development)… and others have said those countries should not be blacklisted because it has a negative consequence on what has been done to the countries by giving them that connotation. Gomes said that the ACP is “in constant dialogue and pressing the (EU) Commission for Trade and the Commission as a whole to re-think and re-examine the basis on which that accusation has been made about the financial tax regimes, particularly in the Caribbean”.

Source: The Daily Observer