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Friday, 03 December 2010

Be Flexible on EPAs

Prime Minister Bernard Makuza, has urged the European Commission to accelerate the negotiations of the Economic Partnership Agreements (EPAs) and come up with a conclusion as soon as possible. The Premier, made the call during the 2010 Africa-European Union Summit in Tripoli."African countries have been involved in the negotiations of Economic Partnership Agreements (EPAs) with the European Commission for almost a decade," Makuza said."These negotiations have borne great cost in terms of time and resources to both the African countries and the European Commission."The Prime Minister pointed out that despite the importance of the EPAs and the commitment of African countries, no African country has been able to conclude and sign a comprehensive EPA with the European Commission."The problem lies in the failure to resolve some of the contentious issues in the EPA negotiations, including development dimension, definition of 'substantially all trade and transitional period thresholds', export taxes, quantitative restrictions, increase on tariffs, MFN Clause, and Non Execution Clause," the Premier told the Summit.

Source: Allafrica