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  • on 30.04.2015
  • at 02:44 PM
  • by Kevin Hind

The EPA between the EU and West Africa: Who benefits? 0

Is the Economic Partnership Agreement (EPA), a free trade agreement negotiated between West Africa and the European Union (EU), really coherent with the development of West Africa? CONCORD regrets that the EU, the largest economic zone in the world, is trying to obtain disproportionate commercial concessions from one of the poorest regions in the world.

With this EPA, West Africa will have less policy space to use important tools for the development of certain economic sectors, in order to improve the living conditions of its people. At the same time the EU has not undertaken any formal commitment to allocate additional long term funding that would be needed to enable West Africa to cope with competition from imported European products, and to compensate for the loss of fiscal revenues. As a result, the EPA is incoherent with the development of West Africa. CONCORD therefore recommends that Members of the European Parliament do not ratify the EPA.

‘Trade is development’1, states the European Commission (EC) with regard to the EPA. But is the EPA negotiated between West Africa and the EU, between one of the richest regions on the planet and one of the poorest, really coherent with the development objectives of West Africa? This document seeks to answer this question, with particular attention to agriculture, a key sector for West Africa.

Click Here to continue to read Concord’s report

Photo Credit: Flickr/Brecht Houben

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