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Tuesday, 20 March 2012

EPAs improve the flow of investments between the EU and CARIFORUM

According to a new report commissioned by the Caribbean Community (Caricom) Secretariat-based EPA Implementation Unit, the Economic Partnership Agreement (EPA) between the EU and the Caribbean Forum (CARIFORUM) of the ACP Group provides a comprehensive framework to improve the flow of investments between the two parties.
As a result of national consultations, CARIFORUM states had indicated the need to determine the impact of their liberalisation commitments in the EPA towards ensuring that the benefits to be derived under the agreement are obtained as well as to make informed decisions on additional areas for further liberalisation. In response, a project was launched by the EPA Implementation Unit.
SH Allyson Francis, regional unit’s Trade in Services and Investment Specialist, has  stated that the findings are “enlightening and form a good basis to better focus our minds on the task at hand, which is improving the investment climate and the flow of investment between the EU and CARIFORUM”.

Source: ACP