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Tuesday, 15 September 2009

West African traders reject EPA

The National Association of Nigerian Traders (NANTS) has voiced concerns over the European Union’s ‘inflexibility’ in the ongoing negotiations with the Economic Community of West African States (ECOWAS) over the Economic Partnership Agreement (EPA). Speaking in Abuja at the weekend after a two day sensitisation meeting of stakeholders, NANTS President Ken Ukaoha said that over the past eight years of negotiations, the EU have refused to take into consideration the peculiar situation of African nations as the least developed countries of the world. ECOWAS has all the while been making concessions while the EU has refused to make any. Furthermore, the European bloc has not made serious commitments of funds for the development of infrastructure and institutions as agreed in the previous Cotonou agreement.

Source: Tralac