ACP- EU Trade

Regional Overview

736.3 million people GDP 472 bn Euros Total EU-ACP trade 86.5 bn Euros This represents 4.3% EU trade but 29.7% of

ACP trade Co-operation established in Treaty of Rome Yaounde 1963

Lome and Cotonou

4 Lome conventions 1975-2000 Cotonou - 25 years Signed June 2000 5 principle objectives

Africa

French ‘Eurafrica’ Doha Round – the round for Africa Sub-saharan problems The African union Agadir free trade

Caribbean

Caribbean Community (CARICOM) Agricultural trade – sugar, bananas, rum,

mineral products EPAs (Economic Partnership Agreements) Risks and advantages

Pacific

Pacific countries Sample of the agreements:

– Cook Islands– Federated States of Micronesia– Fiji– Nauru– Solomon Islands– Tonga