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CARIFORUM-EU TDC meeting under EPA declared

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Tuesday, 02 October 2012

CARIFORUM-EU TDC meeting under EPA declared

As we informed our readers, the CARIFORUM and the EU convened the Second Meeting of the Trade and Development Committee (TDC) under the Economic Partnership Agreement (EPA) in Port of Spain, Trinidad and Tobago on 27 September. According to a recent press release by Caricom, both sides characterized the one-day Meeting as “successful.”
The TDC crafted a number of joint decisions for adoption by the Second Meeting of the Joint CARIFORUM-EU Council (JC) which will be held in Brussels on 26 October, but recognized that agreement was not possible in some areas at this time.
Among the areas in which agreement was achieved at the TDC were the following: The incorporation of the commitments of The Bahamas into Annex IV of the EPA which addresses Investment, Trade in Services and E-commerce; the admission of the Caribbean Export Development Agency as a permanent observer of the TDC; the approach to arriving at a list of arbitrators and; the establishment of membership of the Consultative Committee, an Institution that provides a platform for insertion of civil society in EPA implementation.
While there was agreement on submitting certain items for endorsement by the JC, some issues will be subject to further negotiations as they were not resolved.
At the TDC consideration was given to a number of issues related to trade under the EPA, and good progress was made in clarifying positions.


Source: Cariforum