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Tuesday, 24 September 2013

Guyanese President: 'Has Caribbean benefited from EPAs?'

Guyanese President, Donald Ramotar, addressed representatives from the European Union (EU) as well as diplomats from the Caribbean, who were meeting in Guyana to forge a seven-year partnership, and he brought up the current status of the Economic Partnership Agreements (EPAs) between the two regions.
Ramotar called on Caribbean Community (CARICOM) nations to come forward and state if the EPAs have provided any tangible benefits to signatory nations.  The Government of Guyana has argued in the past that the EPAs would potentially undermine national interests within CARICOM, as well as hamper cooperation with South American states. Guyana eventually signed the agreement in 2008 but realized that EPAs’ benefits to their economy have been minimal.
Negotiations are ongoing to establish a trade agreement between the EU and African, Caribbean, and Pacific States (ACP).

Source: Stabroeknews