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ECOWAS
Economic Community Of West African States
Ghana’s parliament has ratified the Economic Partnership Agreement between government and the European Union amidst divided opinions
Any attempt to encourage cheap EU imports will not only retard local production, it may also be counter-productive to the country’s industrialisation plans.
The agreement enjoins member states to open up 70 percent of their markets to European goods over a period, prompting fears nascent companies may collapse since most European goods are of high quality and a lot cheaper than local goods.
The European Union has asked Nigeria to sign the Economic Partnership Agreement with attractive offers including a €6.5bn (about N1.4tn) Development Programme.
This is a way of thinking as absurd as that consisting for a poultry producer to open the henhouse gate to allow the fox to test the poultry resistance capacity.
This document is limited to assessing the importance of the liberalization of agricultural imports in the EU-West Africa (WA) Economic Partnership Agreement (EPA) given the crucial nature of these products for WA.
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.
bilaterals.org has received four impact studies concerning the EU-West Africa EPA and requested Jacques Berthelot to provide a comment on them.
The EU’s Economic Partnership Agreements with sub-Saharan countries inked a few years ago are not getting off the ground as African governments don’t like their EU-inspired rules on raw materials policies.
The Manufacturers Association of Nigeria (MAN) has admonished the federal government to withhold its endorsement of the ECOWAS-EU economic partnership agreement.
The benefits of the EPA between the EU and WA’s countries appear small, if not negative for West African countries.
West Africa and the European Union continue to prepare for the implementation of the Economic Partnership Agreement — pending its signature by all member states — by putting together the necessary texts for the institutional bodies and instruments envisaged under the EPA, in order that it becomes operational immediately upon entering into force.
Considering the mismatch of the two regions (Europe-ECOWAS) the Manufacturers Association of Nigeria and Associated Trade Unions raised concerns over the negative impact of the agreement on Nigeria’s industrialisation programme.
House of Representatives call for caution in the implementation of the EPA between EU and Nigeria.
The EU is promoting the deal to boost its trade and expand its investment in the country. But, manufacturers are opposed to the deal’s endorsement.
The noise over perceived negative effects of the EPA between the European Union and ECOWAS on the Nigerian economy particularly the manufacturing sector is self-inflicted because Nigeria failed to do what it ought to do during the negotiations
As released by the European Commission
As released by the European Commission
Common External Tariff (CET) has remained an issue of strong discourse and controversy in West Africa for many years, particularly since the inception of the Economic Partnership Agreement negotiations.
