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

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Bachelor Thesis Presentation

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