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Friday, 17 June 2016

EU signs economic partnership agreement with Southern African countries

This development-oriented agreement between the European Union and Southern African countries is the first of its kind with an African region, pursuing regional economic integration. The European Union and six countries of the Southern African Development Community (SADC) last week signed the Economic Partnership Agreement (EPA), in Kasane, Botswana. The Economic Partnership Agreement (EPA) with Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland – the so-called SADC EPA group – is a development-oriented free trade agreement. The agreement was signed by commissioner for trade Cecilia Malmström on behalf of the EU. In addition to this agreement, other regional agreements could also soon be signed with West Africa and the East African Community. At the signature ceremony in Botswana, Commissioner Malmström gave a speech on the benefits of the agreement.

Source: bizcommunity.com