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Monday, 22 March 2010

South Africa under pressure to sign EPA

South Africa, Angola, and Namibia could soon be left in the cold if they continue to resist signing the Economic Partnership Agreement (EPA) with the European Union (EU) which is increasingly under pressure to streamline its trading policies under World Trade Organisation (WTO) regulations, the European Commission’s trade directorate has said. Addressing an information seminar on the EPA negotiations between the EU and the Southern African Development Community (SADC), Jacques Wunenburger, head of the commission’s trade directorate, said countries that have signed the interim EPA are rightfully concerned that the EU is continuing to grant SA, Angola and Namibia the same privileges in terms of trade access even though they had not signed. “The situation is untenable because it is unfair to countries that have signed and it is an illegal arrangement not permissible under the WTO,” he said.

Source: Trade Law Center for South Africa