Economic Community Of West African States
Economic Partnership Agreement negotiations between West Africa and the European Union are in a limbo due to differences over market access, the regional grouping ECOWAS said on Tuesday.
The National Association of Nigerian Traders have voiced concerns over what it calls inflexibility on the part of the European Union in the ongoing negotiations between it and the Economic Community of West Africa States over the Economic Partnership Agreement.
Ghana may be compelled to sign the Economic Partnership Agreement in its current form come October if discussions on the agreements are not finally concluded by ECOWAS.
Dr Cheikh Tidiane Dieye, Trade Programme Co-ordinator for Civil Society Organizations in West Africa, is sure that negotiations would probably continue till January 2010 since both the EU and ECOWAS had not agreed on the percentage of the market they intend to be liberalized.
The European Union and the West African countries have agreed to conclude a regional agreement on trade in goods and development cooperation by October 2009.
Now, Africans are hitting back at Europe
There were strong indications last week that the free trade agreement between Economic Community of West African States (ECOWAS) and the European Union may not be signed before its subsisting deadline-June 30th 2009 because of the need to protect the collective regional interest of ECOWAS States.
Forty days to the June 30, 2009 signing of the free trade agreement between the Economic Community of West African States (ECOWAS) and the European Union (EU), the sub-Saharan bloc has raised fresh issues that need to be resolved before the pact is sealed.
With cross-border price-undercutting, mounting debt and a lack of buyers, many tomato farmers in Ghana’s Upper East Region are turning to suicide. Yet with European Union Economic Partnership Agreements (EPAs) currently being negotiated, West African markets are about to be flooded with heavily subsidised EU products
Twenty six African countries seeking to merge their economies into a single trading bloc that controls a combined wealth of $ 624m and a market of 527m people moved to a definitive stage after their leaders approved plans to establish a free trade area early this week.
Members of the Ghana Agricultural Producers and Traders Organisation (GAPTO) have called on the governments of the Economic Commission of West African States (ECOWAS) not to conclude the Regional Economic Partnership Agreement (EPA) with European Union (EU) in June, this year.
The European Commission (EC) will give Nigeria 600 million euros to assist it in the areas of trade and regional integration, the head of the EC delegation to Nigeria, Mr. Dennis Theulin said here Friday.
West Africa civil society platform of the Economic Partnership Agreement has said unrealistic timetable constituted the main constraint facing the Economic Community of West African States in reaching a conclusion on the agreement.
Civil society organisations have asked governments of ECOWAS countries to suspend all trade-related negotiations with the EU.
Ghana would by September next year cease to adhere to the rules and conditions of the Interim Economic Partnership Agreement that it signed with the European Commission in December 2007 when the ECOWAS-EU policy comes into force.
The ECOWAS Trade Commissioner, Mohammed Daramy, has given some of the many reasons why Nigeria refused to sign the Economic Partnership Agreement (EPA) which deadline expired on December 31, 2007.
West African states are working at salvaging regional relations with a renewed attempt to collectively negotiate an economic partnership agreement (EPA) with the European Union.
From Ken Ukaoha, National Association of Nigerian Traders (NANTS)
West African countries agreed on Monday on an 18-month timetable to negotiate and sign a regional economic partnership agreement with Europe by June 2009, top officials said.
Ghana signed an interim trade deal with the European Union on Thursday, joining a rush among poor countries to safeguard exports to the world’s biggest trading bloc after preferential terms expire at the end of the year.