The MFN clause of their interim Economic Partnership Agreements obliges Ivory Coast and Ghana to extend to the EU the tariff advantages granted in the Africa’s Continental Free Trade Area.
What will happen if the regional EPA of West Africa is never finalized?
En marge du 5ème sommet Union européenne Union africaine qui se tiendra du 29 au 30 novembre 2017 à Abidjan, les organisations de la société civile, les mouvements sociaux et syndicaux de 16 pays africains et de 7 pays européens se sont donnés rendez-vous.
MEPs from the European Parliament’s International Trade Committee are in West Africa this week, to monitor the implementation of Economic Partnership Agreements.
The conclusion is clear-cut: Ghana and Ivory Coast should have no interest whatsoever to implement the interim EPAs already ratified but should pressure the EU to request a new WTO waiver or to grant them the status of GSP +.
The Ivorian Parliament has shot itself in the foot, following the government which gave in to the strong pressures of international agribusiness firms, particularly French, rather than listening to the warnings of civil society.
The Interim EPAs of Ivory Coast and Ghana will disrupt in a number of ways the functioning of intra-regional trade in the ECOWAS Trade Liberalization Scheme
The six African countries threatened with losing access to the European single market have finally agreed to sign the EU’s Economic Partnership Agreements (EPAs). But the continent’s regional integration may suffer as a result. EurActiv France reports.
The EU plans to raise the pressure on six African countries to implement controversial free trade agreements by putting an end to their preferential access to the EU market.
There is a rumour that, if Nigeria’s stance not to sign the regional EPA is definitive so that the EPA would be buried, DG trade is contemplating to perpetuate the interim EPAs of Ivory Coast and Ghana provided they would formally sign them.
Both Bilateral Investment Treaties aim to protect investors’ interests from the countries involved, and open up more business and investment opportunities.
Cote d’Ivoire became the first country in Africa to sign a ’stepping stone’ economic partnership agreement with the European Union this week, prompting fears that the accord will prevent the country from developing closer ties with its neighbours.
Cote d’Ivoire and the European Union have signed an economic partnership agreement to promote bilateral trade, which the European bloc sees as an example for other West African countries to follow.
Ivory Coast will sign a definitive Economic Partnership Agreement with Europe in June, which it believes will open the door for other West African countries. it is also advising regional powerhouse Nigeria on how to seal an EPA.
Nigeria, now predominantly an oil economy, would escape the imminent danger that would befall the largely agro-based products of Ghana and Cote d’Ivoire.
Ivory Coast inked an interim trade accord with the European Union on Friday as the bloc pushes for deals with as many former European colonies as possible before preferential trade terms expire on December 31. The top cocoa producer is the first West African country to sign a bilateral deal, breaking ranks with the region’s ECOWAS economic community.
Ivory Coast’s banana and pineapple farmers are urging the government to sign a new trade deal with the European Union so they can compete once tariff free access to its market ends next month, officials said.