EU/ACP Economic Partnership
Agreements: Impact, Options and
Prerequisites |
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Authors: | Axel Borrmann Matthias Busse Silke Neuhaus |
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Institution: | Axel Borrmann, Matthias Busse and Silke Neuhaus* |
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Abstract: | The EU and the African, Caribbean and Pacific countries (ACP) are presently renegotiating
their trade relations. Behind these negotiations are the fundamental conflict between
the existing arrangement and multilateral trade rules, the frustration regarding poor ACP
trade performance, the ineffectiveness of trade and trade-related ACP policies, and the
inefficiency of corresponding EU assistance. This article highlights the fundamentals of
the envisaged Economic Partnership Agreements (EPAs) between the EU and the ACP
countries, sums up previous estimates of their probable economic impact, discusses
policy options for ACP countries and sheds light on basic prerequisites, particularly on
institutional conditions, that should be fulfilled to ensure the success of EPAs. |
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Keywords: | |
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