What kind of trade does the EU have with ACP countries?

What kind of trade does the EU have with ACP countries?

The EU’s trade relationship with ACP countries is governed by the Cotonou Partnership Agreement signed in 2000 between the EU, its Member States and ACP countries.

What kind of trade agreements does the EU have?

Economic Partnership Agreements (EPAs) are trade and development agreements negotiated between the EU and African, Caribbean and Pacific (ACP) countries and regions.

What does the European Economic Partnership Agreement do?

The Economic Partnership Agreements between the EU and African, Caribbean and Pacific countries and regions aim at promoting ACP-EU trade – and ultimately contribute, through trade and investment, to sustainable development and poverty reduction. Trade with ACP countries represents more than 5% of EU imports and exports.

Is the Cotonou Agreement an economic partnership agreement?

The Cotonou agreement offers EU and ACP countries the opportunity to negotiate development-oriented free trade arrangements called Economic Partnership Agreements (EPAs). The EPAs are firmly anchored in the objectives of sustainable development, human rights and development cooperation that are at the core of the Cotonou Agreement.

When did the European Trade Agreement EPA start?

The five countries already applying the agreement have declared their readiness to move beyond trade in goods, towards a more comprehensive agreement. Negotiations to deepen the EPA launched on 2 October 2019. The interim EPA also includes co-operation on technical barriers to trade, and standards on animal and plant health.

What kind of trade does eastern and southern Africa have?

Eastern and Southern African countries: Comoros, Djibouti, Eritrea, Ethiopia, Madagascar, Malawi, Mauritius, Seychelles, Sudan, Zambia, Zimbabwe Exports to the EU from the Eastern and Southern Africa region are dominated by sugar, coffee, fish, tobacco, copper and crude oil.