EU: Economic deal with West Africa to bring duty-free access
Sixteen West African states are to sign a trade deal with the European Union in a move that opens up full duty-free access for more countries.
The Economic Partnership Agreement (EPA) covers the EU states and the following countries: Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo.
Under the terms of the deal, the EU will provide West African companies with more advantageous conditions than those applying to European exports to Africa.
The EU has committed to open its market to all West African products once the agreement comes into force, in return for the “partial and gradual” opening of the West African market.
West Africa will be allowed to continue to shield its agricultural sector from European competition by retaining tariffs or, when necessary, imposing safeguards – and the EU will not subsidise any agricultural exports to West Africa.
“We are building a privileged economic partnership with West Africa that will be a foundation of long-term growth and future prosperity in a region that is so close to Europe,” said European Commissioner for Trade, Karel De Gucht.
“To help the EPA deliver its promise for development, the EU and West Africa need to implement this deal as soon as possible.”
An interactive databank with intelligence on the major apparel sourcing countries
- Cotton supply chain transparency an ongoing issue
- Supply chain takeaways from Sourcing at MAGIC
- No simple way to be sustainable, says SAC CEO
- Why voters don’t want more global supply chains
- What's 3D-printing doing for apparel and footwear?
- Li & Fung eyes supply chain speed in 3-year plan
- Nike and Crystal Group "doing well by doing good"
- What does supply chain mapping really mean?
- Cambodia’s focus on garment production also a risk
- C&A helps grow organic cotton production in China
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras