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Tuesday, 09 August 2016

Ghana ratifies EPA with EU

As we previously reported here, Ghana defended its decision to sign the Interim Economic Partnership Agreements (IEPA) with the European Union. Ghana’s parliament has now ratified the Economic Partnership Agreement (EPA) between the government and the European Union. The ratification of the agreement by Parliament will lead to the entry of a percentage of imports from Europe to Africa and vice versa, free of tariffs. For Ghana some of the duty-free access on exports to the EU market include processed cocoa products, fruit and vegetable products, and fish. Prior to its ratification a number of business associations, as well as civil society organizations, had kicked against the agreement arguing that the deal will do more harm than good for the country.

Source: freshplaza.com