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Tuesday, 18 December 2012

Negotiation deadlock main challenge of summit in Malabo

The negotiations on Economic Partnership Agreements (EPAs) between countries of the Africa- Caribbean-Pacific (ACP) and the European Uion (EU), deadlocked in Central Africa, are seen as the main challenge of the ACP summit opened Thursday in Malabo, Equatorial Guinea.

“Clearly, the meeting aims at reaching an agreement or a common position on both sides, that’s to say, all ACP members as well as the European Union. Anyway, the EU is already united on this issue, ” Cameroonian political scientist Firmin Mbala told Xinhua on the eve of the 7th Summit of ACP Heads of State and Government, preceded by the 96th Council of Ministers opened Tuesday.

Proposed by the EU to replace obsolete trade agreements of Yaounde, Lome and Cotonou, the EPAs showcase the will of the old continent to gear up its trade relations with traditional partners in Africa, the Caribbean and the Pacific for the global economy shaken by the emergence of new actors, but face strong opposition in the ACP countries.