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Thursday, 30 September 2010

East Africa EPA delay frustrates EU

The European Union (EU )is frustrated at the slow pace of the conclusion of an Economic Partnership Agreement (EPA) with the East African Community (EAC) member states. This is contained in a statement by Harvey Rouse, the head of the political and trade section at the EU Mission to Uganda. “The EAC-EU Framework EPA was initialled in Kampala in 2007. This agreement today remains unsigned, business is therefore in an unpredictable and uncertain environment, it is important that we put an end to this legal uncertainty,” the statement reads. The EPA negotiations have been dogged by a number of controversial issues including the meaning of market access to the EU by EAC countries. “The EU and EAC agreed to set up a roadmap as soon as possible for the achievement of a comprehensive EPA. The EU considered it in EAC’s interest that the five EAC countries establish a joint roadmap,” Rouse said.

Source: The New Vision (Uganda)