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Second revision of the Partnership Agreement ACP-EC

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Tuesday, 12 January 2010

Second revision of the Partnership Agreement ACP-EC

The Committee on Development of the European Development review the Cotonou Agreement which should be an occasion to adjust it in the light of recent and current crises including climate change, soaring food and oil prices, financial crisis and abject poverty in Africa; believes that the need to address the root causes of these crises is not an option, but a necessity. It deplored the fact that the European Parliament, the ACP-EU Joint Parliamentary Assembly and the national parliaments of the ACP States as well as civil society organisations and non-state actors were - once again - not involved in the decision-making process that led to the identification of areas and articles of the Cotonou Agreement for revision and to the establishment of the negotiating mandates adopted by the Council of the EU and the ACP Council of Ministers. The European Parliament calls on ACP-EU negotiators to review the European Investment Bank policy on offshore financial centres on the basis of more stringent criteria than the Organisation for Economic Cooperation and Development listing for the definition of prohibited and monitored jurisdictions, and to ensure its implementation and provide annual reports on progress; considers that structural changes in the EIB’s organisational and governance structure is necessary in order to ensure fulfilment of its development obligations in the context of the current review of the Cotonou Agreement and the ongoing mid-term review and renewal of the EIB’s external lending mandate.

Source: European Parliament