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Wednesday, 14 March 2012

EAC: will finally EPAs lead its development?

According to recent reports, East African Community Secretary General, Dr. Richard Sezibera, has stated that the region is committed to successfully completing the negotiations of the Economic Partnership Agreement (EPA). Last week, while receiving letters of credence from Amb. Johnny Flento,  representative of Denmark to the EAC, he made a number of remarks on the EAC-EPA issue. Notably, he stated: "We want EPAs to lead to development of our region and strengthen regional integration”.
As we have been informing our readers in recent weeks, talks between EAC and European Union (EU) to conclude EPA negotiations are ongoing, thought in a constant state of uncertainty. The EAC and EU have failed to agree on EPA negotiations since 2007 when talks kicked off.
Speaking of the EPAs, Amb. Johnny Flento said that Denmark is in favour of regional integration and announced it would use its position as the current chair of the EU to push for development of friendly EPAs.
Furthermore, the EAC Secretary General signed a Financing Agreement that will see Denmark provide EAC with a grant of 18 million Danish Kroner (approximately $3.2 million) over a three-year period beginning 2011/12 to 2014/15.

Source: AllAfrica