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Post Cotonou: ACP Private Sector consultation to be held in Barbados

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Wednesday, 31 October 2018

Post Cotonou: ACP Private Sector consultation to be held in Barbados

Barbados will host a two day private sector consultation on the post-Cotonou agreement early next month that the organisers said is intended to producing an African, Caribbean and Pacific (ACP) private sector declaration as inputs to be made available to the ACP technical negotiating team. The Cotonou Agreement is a treaty between the European Union (EU) and the ACP that was signed in June 2000 in Cotonou, Benin’s largest city. It entered into force in 2003 and was subsequently revised in 2005 and 2010. The current agreement expires in 2020. It is regarded as the most comprehensive partnership agreement between developing countries and the EU and in 2010, ACP-EU cooperation has been adapted to new challenges such as climate change, food security, regional integration, state fragility and aid effectiveness. The fundamental principles of the Cotonou Agreement include equality of partners, global participation, dialogue and regionalisation. The agreement is re-examined every five years. The first round of the new negotiations began last week and Article 95 of the Cotonou Agreement requires partners to enter into negotiations at least 18 months before the expiry of the current deal. “Against this background, an ACP private sector consultation on the post-Cotonou negotiations is being organized by the ACP Secretariat with the support of Business ACP and ACP private sector organizations with the intended outcome of producing an ACP private sector declaration/position as inputs to be made available to the ACP technical negotiating team on post-Cotonou,” the organisers said. They said the objectives of the November 1-2 meeting are to inform the ACP private sector on Post-Cotonou negotiation process and issues; to develop a private sector position on the future relationship among the ACP States as well as to input and issue an ACP private sector position on the Post-Cotonou negotiations and to officially launch the “ACP Business Forum”.

Source: stlucianewsonline.com