Economic Partnership Agreements
E504933
European Union external trade policy instrument
international economic agreement
trade agreement framework
Economic Partnership Agreements are trade and development accords between the European Union and African, Caribbean, and Pacific (ACP) countries that aim to promote sustainable economic growth through reciprocal market access and regulatory cooperation.
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
European Union external trade policy instrument
ⓘ
international economic agreement ⓘ trade agreement framework ⓘ |
| abbreviation | EPAs NERFINISHED ⓘ |
| beneficiary |
ACP exporters
ⓘ
EU importers ⓘ |
| complianceWith | World Trade Organization rules ⓘ |
| criticizedFor |
potential negative impact on ACP industrialisation
ⓘ
pressure on tariff revenues of ACP countries ⓘ |
| enteredIntoForce | late 2000s ⓘ |
| feature |
development cooperation provisions
ⓘ
dispute settlement mechanisms ⓘ duty-free and quota-free access to EU market for most ACP exports ⓘ gradual tariff reduction by ACP countries on EU imports ⓘ provisions on competition policy in some agreements ⓘ provisions on intellectual property in some agreements ⓘ provisions on investment in some agreements ⓘ provisions on services liberalisation in some agreements ⓘ provisions on sustainable development and labour standards in some agreements ⓘ provisions on technical barriers to trade ⓘ reciprocal but asymmetric market access ⓘ rules of origin provisions ⓘ sanitary and phytosanitary measures cooperation ⓘ trade defence instruments ⓘ |
| fullName | Economic Partnership Agreements between the European Union and African, Caribbean and Pacific countries NERFINISHED ⓘ |
| legalBasis | Cotonou Agreement NERFINISHED ⓘ |
| negotiatingParty |
European Commission
NERFINISHED
ⓘ
regional groupings of ACP states ⓘ |
| party |
African countries
ⓘ
Caribbean countries NERFINISHED ⓘ European Union NERFINISHED ⓘ Pacific countries ⓘ |
| partyGroup | African, Caribbean and Pacific Group of States NERFINISHED ⓘ |
| policyArea | EU common commercial policy NERFINISHED ⓘ |
| policyObjective |
good governance promotion
ⓘ
poverty reduction in ACP countries ⓘ sustainable development ⓘ |
| predecessor | Lomé Convention trade regime NERFINISHED ⓘ |
| purpose |
encourage regulatory cooperation
ⓘ
ensure WTO compatibility of EU–ACP trade relations ⓘ integrate ACP economies into the world economy ⓘ promote regional integration among ACP countries ⓘ promote sustainable economic growth ⓘ provide reciprocal market access between EU and ACP countries ⓘ support development in ACP countries ⓘ support gradual liberalisation of trade in goods and services ⓘ |
| regionCovered |
Caribbean region
ⓘ
Pacific region ⓘ Sub-Saharan Africa NERFINISHED ⓘ |
| replaced | non-reciprocal trade preferences under the Cotonou Agreement ⓘ |
| startOfNegotiations | 2002 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.