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Wednesday, 18 August 2010

EPA must be development tool: ACP SG

The Secretary General of the African, Caribbean and Pacific Group of States (ACP), Dr Mohamed Ibn Chambas, who is in Port Vila this week to attend the Pacific ACP leaders meeting said any Economic Partnership Agreement (EPA) with the regions of ACP must be a development tool and not just a commercial agreement. Dr Chambas said the ACP Secretariat in Brussels wants to support efforts to ensure that the EPA is a development tool so that the partnership agreement is just not a commercial agreement but more importantly it becomes a vehicle for development. These include addressing the supply side constraints, addressing bottlenecks to expand economic growth, and to ensuring increased production so that whatever market access is available on the European side, ACP countries are indeed able to penetrate and to take advantage of this market access offered under the EPA.

Source: dailypost.vu

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