Teknoloji Haberleri internet Haberleri Web Güvenliği Teknoloji Yazılım Bilim Teqnoloji
EU sets EPA deadline signing for October

Video guest: Josephine Mwangi

September 2018
M T W T F S S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Friday, 07 March 2014

EU sets EPA deadline signing for October

Uganda seems not yet prepared to conclude the on- going EAC- EU Economic Partnership Agreement (EPA) trade, analysts have observed. The Africa Caribbean Pacific (ACP) European Union EPA negotiations were launched in 2002 under the Cotonou Partnership Agreement (CPA) where parties agreed to conclude new World Trade Organisation (WTO) compatible trading arrangement, remove progressively barriers to trade between them and enhance cooperation in all areas relevant to CPA. Despite negotiations spanning over 12 years with remaining contentious issues unresolved, the European Union has put 1 October 2014 for concluding the negotiations. This means countries that have not signed or ratified EPAs by October 1 2014 will be removed from the list of beneficiaries of the duty Free Quota free market access.
Jane Nalunga the SEATINI- Uganda country director noted that much as the five partner EAC states- Kenya, Uganda, Rwanda, Burundi and Tanzania- decided in 2007 to strengthen their regional integration agenda and negotiate EPA as a bloc under the initial Framework Economic Partnership Agreement (FEPA) nothing much seems to be effective as a bloc. “The stated objective of EPA was to ensure sustainable development of ACP countries and to ensure smooth and gradual integration into the global economy and eradicate poverty but so far the negotiations have not addressed these objectives,” said Nalunga at the EAC-EU EPA review workshop in Kampala. Nalunga said there were still contentious issues which are critical for the EAC future development and make EPA a tool for the EAC’s sustainable development. She notes that during the January 30 2014 ministerial meeting in Brussels the EAC ministers and EU commissioner for Trade failed to agree on the three most important matters such as Duties and Taxes on Exports, article 16 the Most Favored Nation (MFN) clause and regarding the issue of Rules of origin and agriculture.

Source: New Visions (Uganda)

Tags: