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Caribbean Civil Society Consultation. Economic Development, Trade and Finance. Presented By: Dharamkumar Seeraj 28 th -29 th June 2011, Grand Coastal Hotel, Guyana. Lome Convention. An international aid an trade agreement between the e ACP an the EU.

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caribbean civil society consultation

Caribbean Civil Society Consultation

Economic Development, Trade and Finance

Presented By: Dharamkumar Seeraj

28th -29th June 2011, Grand Coastal Hotel, Guyana

lome convention
Lome Convention
  • An international aid an trade agreement between the e ACP an the EU.
  • Aimed at supporting the ACP states efforts to achieve comprehensive self reliant an self sustained development.
  • Lome I 28th February 1975.
  • Lome II 1979.
  • Lome III 1985.
  • Lome IV 1990-2000.
covenants of the convention
Covenants of the Convention
  • Cooperation is based on partnership, equality, solidarity an mutual interest.
  • Recognises the principal of sovereignty and the right to define own development strategies an policies.
  • Affirming development centered on people.
  • Respect and promotion of human, political, social and economic rights.
  • Establishment of development finance cooperation chapters.
  • Environment, agriculture, rural development, fisheries, trade, cultural and social cooperation, etc.
reasons
Reasons
  • Assist ACP states development.
  • Duty-free access for export.
  • Commodity export compensation.
  • Financial aid.
cotonou agreement
Cotonou Agreement
  • Signed 23rd June 2000 between ACP and the EU.
  • Duration for 20 years, from March 2000 to February 2020.
  • First Revised in 2005.
  • Focused on development cooperation, economic and trade cooperation and political dimension.
economic partnership agreement
Economic Partnership Agreement
  • Latest agreement between the ACP (seven regional groupings) and the EU.
  • Effective from 2008.
  • Allows for WTO compatibility.
  • Involves the phase out and removal of trade preferences.
  • Progressive removal of trade barriers.
  • Provides for the maintenance of limited protection for vital products.