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Tuesday, 30 March 2010

ECOWAS, EU to resume EPA negotiations shortly

West African negotiators expect unequivocal commitment from the European Union (EU) to a proposed Development Fund for West Africa when both regions resume negotiations on 17 March for a new trade regime to create a free trade area, according to a press release from the ECOWAS Commission in Abuja, the Nigerian capital. This follows an experts-level workshop of the Ministerial Monitoring Committee (MMC), which oversees the negotiation for the region.The size of the Fund, the Economic Partnership Agreement Development Programme (EPADP), the contributions expected from the two regions and the conditions for accessing the Fund are among the outstanding issues in the negotiations. At the end of an experts-level workshop in Cotonou, Benin, the experts stressed the importance of the EPADP to West Africa's integration process and competitiveness to ensure a mutually-beneficial EPA. This will ensure that the region benefits from the liberalized access to the European market envisaged by the agreement.

Source: Afrique jet

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