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Wednesday, 23 March 2016

Caribbean countries not fully satisfied with EPA accord

Caribbean Forum (CARIFORUM) countries say they are yet to “meaningfully reap the potential benefits” of the Economic Partnership Agreement (EPA) signed with Europe in 2008. The issue was among matters discussed at the 23rd Meeting of the Council of CARIFORUM Ministers held here earlier this week, and according to a statement issued on Friday a review of the EPA had concluded that the region “ had as yet to meaningfully reap the potential benefits of the Agreement. They underscored that, for CARIFORUM, the EPA is a source of mixed feelings. The commonly held view was that CARIFORUM committed itself and signed a comprehensive EPA, yet it has not “harvested the windfalls” which seemed to have been held out as reward for early signature of the Agreement,” the statement noted. It said that in further reviewing the state-of-play of EPA implementation, the ministers accorded high priority to wide-ranging technical work and tasked officials to follow up accordingly.

Source: antiguaobserver.com