Assessing the Impact of ACP-EU Economic Partnership Agreement on West African Countries PDF Download

Author: Matthias Busse
Publisher:
ISBN:
Category :
Languages : en
Pages : 25

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Author: Bouët, Antoine
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 80

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Despite recent modifications, the Economic Partnership Agreement (EPA) between the European Union (EU) and West African (WA) countries is still being criticized for its potential detrimental effects on WA countries. This paper provides updated evidence on the impact of the EPA on these countries. A dynamic multicountry, multisector computable general equilibrium trade model with modeling of the dual-dual economy and with a consistent tariff aggregator is used to simulate a series of new scenarios that include updated information on the agreement. We also go beyond estimating macrolevel economic effects to analyze the impacts on poverty. The policy simulation results show that the implementation of the EPA between the EU and WA countries would have marginal but positive impacts on Burkina Faso and Côte d’Ivoire and negative impacts on Benin, Ghana, Nigeria, Senegal, and Togo. The impact on poverty indicators in Ghana and Nigeria would be marginal. From the perspective of WA countries, this study supports the view that recent EU concessions are not sufficient and that domestic fiscal reforms are needed in WA countries themselves.

Author: Annita Montoute
Publisher: Springer
ISBN: 3319454927
Category : Political Science
Languages : en
Pages : 387

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This book constitutes a systematic and critical assessment of the nature, evolution, and prospects of the development partnership between the 79-member African, Caribbean, and Pacific (ACP) group of states and the 28-member European Union (EU). A core theme that runs through the work is that the ACP’s partnership with the EU remains an important framework for addressing development challenges in the African, Caribbean, and Pacific regions, but needs to adapt to changes in the global political economy, as well as internal developments in both the ACP and the EU, to sustain its relevance and effectiveness. This is crucial for the ACP group, in particular, given its origins in, and core focus on, development cooperation with Europe. The authors in this volume examine the history of the ACP-EU partnership since 1975; the EU’s relationship with the African, Caribbean, and Pacific regions individually; ACP experiences with economic partnership agreements with the EU; and new political issues, in particular, security, migration, and diasporas. Shedding light on the future prospects of this relationship, this book will be of interest to both scholars and policymakers working on the ACP-EU relationship and related development issues, including trade, aid, security, and migration.

Author: Berthelot jacques
Publisher: Editions L'Harmattan
ISBN: 214010045X
Category : Business & Economics
Languages : fr
Pages : 146

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The headlong rush of the European Union (EU) in Free Trade Agreements reaches the paroxysm of absurdity when it imposes them on West Africa, whose per capita GDP is 21 times lower than its own. This Economic Partnership Agreement (EPA) would make West Africa lose 76% of its customs revenue on its imports from the EU and lead to a sharp rise in unemployment due to the loss of competitiveness of its companies including the informal sectors.The latter will be worsened by the premature signing, with support from the EU, of the Continental Free Trade Area by 13 of 16 West African States, all this based on a number of untruths from the European Commission, as identified in this book.

Author: Matthias Busse
Publisher:
ISBN:
Category : Africa, West
Languages : en
Pages : 72

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Author: Gerrit Faber
Publisher: Routledge
ISBN: 113401578X
Category : Business & Economics
Languages : en
Pages : 440

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The Economic Partnership Agreements between the European Union and the Africa, Caribbean, and Pacific (ACP) countries have drastically restructured Europe’s trade architecture towards the third world. This volume examines the consequences of EPAs for development in sub-Saharan Africa (SSA). Starting from the observation that the establishment of free trade as such will substantially impact upon economic development, the different contributions focus on the potential contribution of non-traditional aspects of EPAs. More specifically, the authors analyze the role of Aid for Trade schemes, regulatory integration issues and broader foreign policy considerations. How can these non-market access aspects stimulate development in Africa, and how have they been addressed in the EPAs? In short, this brings us to the question whether the ‘light version EPAs’ as they currently stand are a missed chance or a blessing in disguise?

Author: Alice N. Sindzingre
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This paper analyses the impacts of Economic Partnership Agreements (EPAs) between the ACP (African, Caribbean and Pacific) countries and those of the EU (European Union) in the specific case of Sub-Saharan Africa (SSA). In order to comply with WTO (World Trade Organisation) requirements, the EPAs shift the trade preferences previously enjoyed by the ACP countries to a free trade regime between the EU and regional groupings of ACP countries. EPAs were supposed to fully enter into force at the end of 2007, but many ACP SSA countries have not been ready or have been reluctant to implement them at that date. EPAs are examined in their different contexts, in particular the theoretical underpinnings of trade liberalisation and regionalism respectively, as well as the increasing number of regional arrangements aiming at 'deep' regional integration in all parts of the world, which ensued from the disappointment with multilateralism of many developed and developing countries. EPAs are then investigated in the specific context of SSA, i.e. that of a distorted trade structure, an excessive dependence on commodity exports, fragile industrial bases, as well as by a disputed effectiveness of its many intra-SSA regional agreements. EPAs co-exist with other North-South preferential trade agreements, in particular the EU GSP (Generalised System of Preferences), including the EBA (Everything But Arms) initiative, and the US AGOA (African Growth and Opportunity Act). It is shown that EPAs will have very different outcomes depending on countries and their particular initial conditions, economic structures and regional context. It is also revealed that these outcomes depend on many variables: global factors, international prices, domestic market structures, trade policies conducted by the EU, the governments and various trade agreements to which they belong. EPA outcomes are therefore uncertain and can be assessed only on a case by case basis, at the level of countries, sectors and products. In addition, many impact assessments rely on simulations, which cannot be considered as 'hard facts'. EPAs may have beneficial effects on SSA countries and enhance their exports and competiveness. They may constitute a mode of integration that is more efficient than multilateral liberalisation, and in fine may be a more manageable step towards multilateralisation, especially in poor countries. However, EPAs exhibit several risks, e.g. diverting trade, augmenting the complexity of the already complex 'spaghetti bowl' of trade arrangements, creating fiscal losses in countries that suffer from narrow fiscal bases and rely on trade taxes, eroding the existing industrial bases - which are fragile, threatened by more competitive developing countries, especially China, and often depend on the previous EU unilateral preferences - and benefiting EU firms more than those of SSA. EPAs have the ambition to foster trade, improve regional relationships, deepen north-south integration and enhance development. These are numerous objectives, and moreover countries may strongly differ: they can be reached if EPAs help countries to reinforce their capacity to conduct their policies - the 'policy space' - control the effects of trade diversion and displacements of industrial activities that often accompany free trade agreements, and strengthen their industrial sectors, as high-growth Asian countries.

Author: Mark Langan
Publisher: Routledge
ISBN: 1317631625
Category : Political Science
Languages : en
Pages : 219

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Africa’s association with the European Union has long been hailed as a progressive model of North-South relations. European officials, in particular, have represented the Africa-EU ‘partnership’ as a pro-poor enterprise in which trade interests are married to development prerogatives. Applying a moral economy perspective, this book examines the tangible impact of Africa-Europe trade and development co-operation on citizens in developing countries. In so doing, it challenges liberal accounts of Europe’s normative power to enable benevolent change in the Global South and illuminates how EU discourse acts to legitimise unequal trade ties that have regressive consequences for ‘the poor’. Drawing upon the author’s own fieldwork, it assesses the difference between norms and the actual impact of EU concessions in relation to: budget support; aid for trade; private sector development (PSD); decent work. It concludes by considering the value of a moral economy approach in the assessment of free trade structures more widely. This text will be of key interest to scholars and students of Africanist IPE, European studies, and more broadly international political economy, international development, and international relations.

Author: Samuel O. Oloruntoba
Publisher: Springer
ISBN: 1137568674
Category : Social Science
Languages : en
Pages : 244

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The resurgence of regionalism is borne out of the current political logjams that have characterized the governance and operations of multilateral trading system over the past one decade and a half. Oloruntoba critically examines Euro-Nigeria relations within the context of the Economic Partnership Agreements in terms of the political and economic implications of the agreements on Nigeria’s non-oil exports sub-sectors. Set within one of the main objectives of the Economic Partnership Agreements, he also interrogates the prospects and challenges of regional integration in Africa under the regime of transnational accumulation, which the Economic Partnership Agreements represents.

Author: Francis A. S. T. Matambalya
Publisher:
ISBN:
Category : Africa, Eastern
Languages : en
Pages : 92

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