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Thursday, 13 May 2010

The EU supports development dimension of the EPA with West Africa



The European Commissioner for Development, Andris Piebalgs, praised the Union's political commitment to fund an ambitious programme of aid for trade and economic integration in West Africa (PAPED). This programme is an essential element of the future Economic Partnership Agreement (EPA) with West Africa, currently under negotiation, and would ensure that the region made the most of this agreement. Funds available to provide support to PAPED for the next five years are around 6.5 billion euros. The European Commissioner for Development, Andris Piebalgs, made the following statement: "The commitment to make available 6.5 billion euros will ensure that West Africa makes the most of the opportunities provided by the future EPA for that region. What we need now is a joint effort to conclude an ambitious EPA to generate reform, growth and regional integration. We are very close to reaching a fair and balanced agreement. Europe is not only the largest donor in the world – it also intends to provide the economic support to its partners to create the conditions necessary to achieve the Millennium Development Goals."
Source: European Union

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