Lomé Convention

Lomé Convention in Global Commerce Policy

In this regard, a definition of this issue is as follows: the umbrella agreement, first signed in 1975 as the successor to the Yaoundé Convention and last renegotiated in 1990 for ten years (Lomé-IV), for a type of association by 71 African, Caribbean and Pacific (ACP) states with the European Economic Community (EEC), now the European Community. The entries on trade policy are here. Associated countries receive tariff-free access to the EEC for nearly all products, and significant aid flows. They also had access to two export earnings guarantee schemes offering concessional loans if their export earnings suffered a serious and sudden decline. These were STABEX and SYSMIN. The EEC did not have tariff- free access to the ACP states. The Lomé Convention was superseded on 1 March 2000 by the ACP-EC Partnership Agreement.[1]

Lomé Conventionin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Lomé Convention” entry (OAS)

See Also