Bachelor Thesis Presentation

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Ghana and the EPA

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Bachelor Thesis Presentation

  1. 1. Ghana and the Economic Partnership Agreements <ul><li>Anders Bundgaard Purup </li></ul><ul><li>July 2007 </li></ul>
  2. 2. Presentation Out-Line <ul><li>Introduction </li></ul><ul><li>Trade between Ghana & the EU </li></ul><ul><li>The Cotonou Agreement </li></ul><ul><li>Economic Partnership Agreements </li></ul><ul><li>ECOWAS </li></ul><ul><li>The Main Arguments </li></ul><ul><li>Recommendations </li></ul><ul><li>Conclusions </li></ul>
  3. 3. Introduction <ul><li>Historical linkage </li></ul><ul><li>Agreements and Co-operation </li></ul><ul><li>50th Anniversaries of Ghana & The EU </li></ul>
  4. 4. Agreements and Co-operation The Yaoundé Convention I & II The Lomé era Lomé I Lomé II Lomé III Lomé IV 1964-1975 1964-1999 The Cotonou Agreement 2000- 2008- Economic Partnership Agreements
  5. 5. Trade Between Ghana & the EU <ul><li>Few Primary Product </li></ul><ul><ul><li>Gold, Timber and Cocoa </li></ul></ul><ul><li>Vulnerable economy </li></ul><ul><li>Growing trade deficit </li></ul>
  6. 6. Top Imports / Exports
  7. 7. Trade Between Ghana & the EU
  8. 8. Trade Between Ghana & the EU
  9. 9. Trade Between Ghana & the EU
  10. 10. The Cotonou Agreement <ul><li>Agreement between the ACP and EU </li></ul><ul><li>Aims to contribute to sustainable development. </li></ul><ul><li>Trade Co-operation - Economic Partnership Agreements </li></ul>
  11. 11. Economic Partnership Agreement <ul><li>Discriminatory to previous agreements </li></ul><ul><ul><li>Preferential treatment is not possible under current WTO rules </li></ul></ul><ul><li>Main aims of the EPA </li></ul><ul><ul><li>Promote smooth and gradual integration of ACP economies into the world economy </li></ul></ul><ul><ul><li>Enhance production, supply and trading capacities </li></ul></ul><ul><ul><li>Create new trade dynamics and foster investment </li></ul></ul><ul><ul><li>Ensure full conformity with WTO provisions </li></ul></ul><ul><li>Increased EDF to €22.7 billion </li></ul><ul><li>Encourage Regional Trade </li></ul>
  12. 12. ECOWAS <ul><li>The EU negotiates the EPA with regions </li></ul><ul><li>ECOWAS nations have to agree on terms of the EPA (such as Sensitive Goods ) </li></ul>
  13. 14. The Main Arguments Against For <ul><li>Two unequal groups = unfair negotiations </li></ul><ul><li>Income from tariff and other such tax will disappear </li></ul><ul><li>EU negotiators are too aggressive and forcing a deadline on the ACP nations </li></ul><ul><li>Sensitive Goods will be negatively affected - Local producers will be wiped of the market </li></ul><ul><li>Regional negotiations may enhance conflicts and not agreements </li></ul><ul><li>To comply with WTO regulations </li></ul><ul><li>Increase regional trade , and increase competitively </li></ul><ul><li>Will prepare ACP economies to the global market </li></ul><ul><li>Tenth EDF will help towards more sustainable development </li></ul><ul><li>Sensitive Goods can be excluded from the agreements </li></ul><ul><li>Past agreements have been unsuccessful </li></ul>
  14. 15. After 50 Years
  15. 16. Recommendations <ul><li>Clear unified commitment to the ACP countries that the EU are acting on a non-mercantilist agenda </li></ul><ul><li>Commit to changing the Common Agricultural Policy (CAP) </li></ul><ul><li>Systems of Review </li></ul><ul><li>Capacity Building </li></ul><ul><li>Availability of information on agreements </li></ul>
  16. 17. Conclusion <ul><li>Continue negotiations - No Waiver </li></ul><ul><li>EU Commitments </li></ul><ul><li>Regional Trade </li></ul><ul><li>Independence not Dependence </li></ul>
  17. 18. Thank you
  18. 19. Acknowledgements European Commission Ministry of Trade & Industry

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