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Tuesday, 26 April 2016

Ghana cannot sign EPA alone - Trade expert

Ghana cannot sign the Economic Partnership Agreement (EPA) with the European Union (EU) alone unless it goes together with the rest of ECOWAS member states, a trade expert told the Graphic Business on condition of anonymity. This is because ECOWAS has a standing agreement with the European Commission (EC) which mandates member states to sign the EPAs as a bloc, rather than doing so as individual countries. “Because of that binding agreement between ECOWAS and the European Commission, even if Ghana is willing to sign, it cannot do so because that agreement does not allow that. It mandates ECOWAS countries to act in bloc,” the source said in reaction to a story published on the risk Ghana faces if it does not sign the economic pact with the EU, its single largest trading partner, by October 1, 2016.

Source: ghanaweb.com