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Wednesday, 01 February 2012

Tanzanian government asks the EC for EPA review

As the Economic Partnership Agreement (EPA) negotiations appear to be unfavourable for the economic growth of the East African member states, the Tanzanian government asks the European Commission for a review. In a recent joint meeting iith a Swedish delegation in Dar es Salaam, Industry, Trade and Marketing Minister Cyril Chami has stated  that  "[d]evelopment cooperation should be an integral part of EPA to ensure that EAC partner states ably adjust to the new challenges and maximally exploit benefits offered under the agreement."
He has said that, even though both parties had affirmed their recognition of development needs for the EAC block, some of the items on the agenda have appeared to be depressing to EAC members.
Notably, he thinks that the free movement of high quality European goods into the region will definitely kick out of competition raw and semi-processed goods from the EAC member states, further widening the development gap between the two economic blocks.

Source: Tanzania Daily News

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