Namibia, and other ACP countries, are celebrating a victory in trade negotiations after the European Parliament voted to extend the deadline for the signing of the Economic Partnership Agreement (EPA) with the European Union from January 2014 to January 2016.
Legislators, trade experts and analysts have described the delayed signing of the Economic Partnerships Agreement (EPAs) as a detriment to development of trade among developing nations.
Botswana has escaped the imposition of an amendment which would have charged higher duties on the country’s exports to the European Union after 2014 thereby dealing a deathblow to local sectors such as agriculture, minerals and manufacturing.
It cannot be Uhuru yet for Namibia and its partners, or should one say fellow downtrodden countries united in the economic bloc of the African-Caribbean-Pacific (ACP) countries.
In his keynote address on the role of multilateral and bilateral trade agreements in fostering trade and development in Africa early this year, former Tanzanian president, Benjamin William Mkapa, raised critical questions and warned East African Community (EAC) countries that signing an Economic Partnership Agreement (EPAs) would deny the region chances to develop into industrialized nations.
Pacific-African, Caribbean and Pacific (PACP) trade officials and ministers met in Nuku’alofa, Tonga earlier this month to discuss key issues, which included the Management of PACP Group, Fiji’s participation in the PACP and the Economic Partnership Agreement (EPA) negotiations with the EU.
As the start of trade talks on a comprehensive Economic Partnership Agreement with the European Union nears, African Caribbean Pacific countries have been urged by Fiji’s trade minister not to allow themselves to be forced into a deal that undermines each country’s independence.
The African Development Bank (AfDB) has warned Zimbabwe that opening its domestic markets to the European Union under the Economic Partnership Agreement (EPAs), exposes local industries to unfair competition.
The African, Caribbean and Pacific group of countries has said it would not bow to pressure by the European Union to sign the Economic Partnership Agreements, until there is a mutually beneficial position that does not threaten regional integration.
Caught between a proverbial rock and a hard place, African and Pacific countries are still unsure whether they should follow the lead of their Caribbean counterparts and sign a wide-ranging Economic Partnership Agreement (EPA) with Europe.
Kenya could lose heavily if Economic Partnership Agreements (EPAs) are not signed, Musa Sirma, East African Community (EAC) minister said.
Southern African Development Community (SADC) integration is compounded by the ongoing Economic Partnership Agreements’ (EPAs) trade negotiations between the European Union (EU), a SADC official said on Wednesday.
The Hannah Tetteh-led Ministry of Trade and Industry is pushing Ghana to sign up the ever-controversial Economic Partnership Agreements (EPAs) with the 27-member European Union (EU).
Europe has been knocking at the door of Africa in the last decade for Africa leaders to sign the so called Economic partnership Agreement. The partnership Europe has been touting substantially means perpetually subordinating raw-material producing Africa to the economic demands of hyper-industrialized Europe. This is consistent with the euro-America design formulated and religiously pursued since the 16th century.
There are renewed calls on the Government to call the bluff of the European Union which is threatening sanctions if Ghana fails to finalize the Economic Partnership Agreement by 2014.
The Economic Justice Network (EJN) has accused the Minister of Trade and Industry, Ms Hannah Tetteh, of stabbing ECOWAS in the back by indicating that the country can no longer linger on the idea of signing and ratifying the interim agreement on Economic Partnership Agreement (EPA).
The signing of Economic Partnership Agreements (EPAs) must be based on Africa’s integration priorities and not dictated by Europe’s interests, a continental forum heard in Dar es Salaam on Friday.
The Economic Justice Network (EJN), a coalition of Ghanaian civil society organisations fighting for economic justice, has cautioned African countries involved in the negotiation of the Economic Partnership Agreements (EPAs) not to succumb to the pressure from European Union (EU) to sign the agreement as it has the potential of disintegrating African economies.
A dialogue between European Union (EU) and Caribbean Forum (CARIFORUM) countries began in Dominica on Friday with Europe indicating that in the not too far distance, a new strategy outlining greater cooperation between the two regions could be finalised.
Regional countries should not rush to seal the EAC-EU trade deals, known as the Economic Partnership Agreements (EPAs), a cabinet minister has said.