Three-pronged approach to EPAs
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CTA. 2002. Three-pronged approach to EPAs. Agritrade, June 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52743
In a press release to accompany the announcement ...
In a press release to accompany the announcement of the Commission's approval of draft negotiating instructions for the forthcoming ACP-EU trade negotiations, Commissioner Lamy highlighted how the Commission's approach was based on the belief that the past experience of ACP-EU trade co-operation had been a failure. Non-reciprocal trade preferences had done nothing to prevent the erosion of the ACP's share of the EU market and the decline in foreign investment. Against this background Commissioner Lamy highlighted the three-pronged approach to be adopted involving: a 'markets for policies' deal in which access to the EU market will be offered in exchange for the adoption of development friendly policies, including a real commitment to regional market integration; the adoption of flexibility within WTO rules to allow a staggered approach and sectoral exceptions to the opening of ACP markets; the provision of technical assistance geared to improving investment performance through more effective use of 9th EDF resources. The Commissioner denied that EPAs were designed to force ACP countries into the WTO system and emphasised that they are intended as instruments of development. EU Development and Humanitarian Aid Commissioner Nielsen said that EPAs would 'put the interests of developing countries at the heart of global trade'.