ACP-EC Partnership Agreement
ACP-EC Partnership Agreement in Global Commerce Policy
In this regard, acp-ec partnership agreement is: a framework for trade and economic cooperation between the ACP states (except Cuba) and the European Community which entered into force on 1 March 2000 for twenty years as the successor to the Lomé Convention. The entries on trade policy are here. It is based on five pillars: a comprehensive political dimension, participatory approaches to ensure the involvement of civil society in beneficiary countries, a strengthened focus on poverty reduction, a framework for economic and trade cooperation and a reform of financial cooperation. The Agreement has several review mechanisms. The entries on trade policy are here. Its trade aspects will be renegotiated after eight years to make them fully compatible with WTO obligations. During this time (called the preparatory period) the European Community will give non-reciprocal preferential access free of duty and charges to products from ACP states. Special provisions apply to some agricultural products, especially sugar. Support for national budgets in countries highly dependent on agriculture and/or mineral exports is available to ACP states if losses from export earnings jeopardize overall macroeconomic stability. The Agreement entails wide-ranging cooperation in trade-related areas including, among others, trade in services, competition policy, trade and environment and trade and labour standards. The parties have also undertaken to use the preparatory period to remove progressively barriers to trade between them and to pursue cooperation in all areas relevant to trade. See also ACP-EC Protocol on Sugar and Special Preferential Sugar Agreements.[1]
ACP-EC Partnership Agreementin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “ACP-EC Partnership Agreement” entry (OAS)
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