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Saturday, 28 January 2017

Malmström put on spot by Nigeria on EU deals with ACP countries

EU Trade Commissioner Cecilia Malmström came under fire from Nigeria on Tuesday (24 January) over the state of the bloc’s Economic Partnership Agreements with the developing world. Malmström, author and proponent of the EU’s new ‘ethical’ ‘Fair Trade for All’ policy, was speaking at an event for ActionAid and the European Trade Union Syndicat in Brussels, where she was confronted by a call from the Nigerian Charge d’Affaires to renegotiate the EPA. The EPAs are reciprocal trade agreements with the African, Caribbean and Pacific (ACP) nations, intended to give the developing world largely tariff-free access to the EU single market, in return for slowly opening up their own domestic markets. First created in the 1970s under the Lome Agreement, and updated in 2000 in Cotonou, the talks are currently seemingly stuck in a quagmire, with no date or location set for the signing of the so-called Post-Cotonou Agreement, when it expires in 2020. Many of the more radical NGOs have criticised the form the EPAs have taken, and there was serious disquiet, as reported by EurActiv.com last year, at the previous EU-ACP trade meeting in Dakar, Senegal.

Source: www.euractiv.com

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