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ACP-EU-JPA on trade and corruption

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Thursday, 30 June 2016

ACP-EU-JPA on trade and corruption

Trade reciprocity between the African, Caribbean and Pacific countries and the European Union is crucial to establishing a mutually beneficial trade arrangement between the two trade blocs. Further, trade discussions should also include good governance to block the outflow of millions of dollars from Africa in illicit trade, parliamentarians noted during the African, Caribbean and Pacific Group of States – European Union Joint Parliamentary Assembly (ACP-EU-JPA) that ended in Windhoek lat week. The ACP-EU JPA discussed issues of migration between ACP countries and EU member states, improvement of participatory governance through decentralisation and continental area of free trade in Africa. “(The relationship) was highly asymmetrical before. We have to open up our markets like the EU,” said Namibian Ambassador to the EU, Dr Kaire Mbuende, adding that member states in the arrangement now have access to duty free and quota free markets in Europe. He added that Namibia was fairly competitive in sectors of beef, horticulture, grapes and fish, which would mean more revenue to the local economy. However, when it comes to products being imported to Namibia, there could be long-term threats from dairy products from overseas, as they have access capacity.

Source: The Southern Times