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Friday, 17 June 2016

Three countries hold back West African regional EPAs with Europe

In an interview with a selected group of journalists on the side of a two-day Regional Technical Workshop on Improved and Facilitated Trade in West Africa, Obideyi explained that three countries were yet to sign the agreements, hence the delay in implementation. “The Federal Republic of Nigeria and The Gambia have still not signed. Mauritania, although not a West African country, was also added to the West African bloc during the negotiations and has also not signed to it yet,” the commissioner disclosed. According to him, the three countries cited the lack of clarity in the agreement concerning West Africa’s industrialization, which the sub-region has not addressed, as the reason for their delay in signing it. West Africa accounts for more than 38 percent of total trade between the EU and all African, Caribbean and Pacific (ACP) regions. The EU supplies a large part of the equipment that contributes to economic growth and development in the region and is the main export market for West African agricultural and fisheries products.

Source: newsghana.com.gh