COTONOU AGREEMENT

The Cotonou Agreement was adopted to replace the IV Lome Convention and continue trade and development links between the EU and ACP. Cotonou has built upon the aid and development agreements of the Lome Conventions and added a deeper political aspect to increase support for good governance and regular political dialogue on issues such as development, peace and security, arms trade and migration. Cotonou has also brought in the private sector and other non-state actors with the aim of increasing involvement of all sectors of society in poverty alleviation and sustainable development. The trade aspect of the Cotonou Agreement continues the trade principles of the Lome Conventions of duty-free, non-reciprocal access of ACP goods to the EU, however; these principles have been deemed to be incompatible with WTO regulations for reciprocal and non-preferential trade and thus must be replaced with new agreements. Cotonou requires that these agreements are WTO compatible. The EU and ACP were granted a waiver until the end of 2007 to find new agreements that comply with these rules. The EPAs are the answer to this need to find WTO compatible agreements by making trade reciprocal and non-discriminatory. The EPAs require significant trade liberalization on the part of ACP countries to ensure market access for European goods as well as liberalization between members of the same EPA negotiating group.

11. Mai 2009 15:17