Economic Partnership Agreements and European-African, Caribbean and Pacific Development Cooperation
Authors: Emmanuel Ugwuerua, Dr. Owa Egbara Owa, Dr. John Nsor Okongo, Wisdom Egbara Owa
The paper examined the impact of Economic Partnership Agreements (EPAs) on Regional Governance with specific focus on the European Union (EU)- African, Caribbean and Pacific (ACP) Cooperation. The EPAS were introduced under the trade pillar of Contonou Partnership Agreement (CPA), which governs relations between EU and the ACP to introduce reciprocity into trade preferences and are organized on a regional basis, with the aim of promoting regional integration with the ACP. From the analysis of the variables considered, it was observed that EPAs have been only partially effective in facilitating regional integration in the ACP. It is among other recommendations that, a post Cotonou framework for cooperation between the EU and ACP states should try to reduce this inconsistency in order to promote greater harmonization on regional initiatives in Africa. Policy makers should consider reformulating post 2020 relations along more regional lines in the medium to long-term, while in the short term the EU should consider extending the deadline. This shall avoid pushing non-Least Developed Countries(LDCs) in West Africa and East African Community (EAC) into breaking away from their regional EPAs in favour of bilateral EPAs, which will only serve to introduce an extra layer of complexity to the ‘spaghetti bowl’ of African regionalism.
Bossuyt, J., Keijer, N., Medinlla, A. & De Tollenaere, M. (2016). The future of ACP-EU relations: A political economy analysis. (ECD PM Policy Management Report 21).
Maastricht, Netherlands: European Centre for Development Policy Management.
Hale, A, & Opondo, M. (2005). ‘Humanizing the cut flower chain: Confronting the realities of flower production for workers in Kenya’, Antipode, 37(1):301-323.
Hulse, M. (2016). Economic partnership agreements: Implications of regional government and EU-ACP development cooperation. German Development Institute.
Tulpenfield Briefing Paper, 12/20/2016.
Keohane, R. O. (1985): After hegemony: cooperation and discord in the world political economy, Princeton, NJ: Princeton University Press
Keohane, R.O. (1984): Achieving cooperation under anarchy: strategies and institutions, in: World Politics 38 (1), 226–254
Merran, W. J. (2016). Public commodity chains choices: The political economy of reform in ACP-EU cooperation on the cotonou agreement. African Quarterly, 44(2). 1543-1567.
Murray-Evans P. (2015). Regionalism and african agency: Negotiating an economic partnership agreement between the european and SADC-minus. Third world quarterly, 35 (10), 1845-1856.
Severino, J. M. & Ray. O. (2009): The end of ODA: death and rebirth of a global public policy, Washington, DC: Center for Global Development (Working Paper 167)
UNDESA (United Nations Department of Economic and Social Affairs) (2013): A renewed global partnership for development, UN System Task Team on the Post-2015
UN Development Agenda, New York: United Nations, March.
UNDP (United Nations Development Programe) (2005): Inventory of financing arrangements for international cooperation, in: I. Kaul / P. Conceicao (eds.), The new public finance: responding to global challenges, UNDP/Oxford University Press.
United Nations Development Programme, (2016).
UNDP support to the implementation of the 2020 agenda for sustainable development (UNDP Policy and programme brief).
New York: Author, January. operation theory, in: Analyse & Kritik 22, 130–151 Axelrod
If you like this article, see others like it:
- The Impact of Triple Entry Accounting System on Financial Reporting
- Effect of Cryptocurrencies on the Value of the Nigerian Naira
- The Effect of Cryptocurrency Ban Policy on Unemployment Rate in Nigeria
- Economic Partnership Agreements and European-African, Caribbean and Pacific Development Cooperation
- Taxation and Economic Growth in Nigeria: An Empirical Analysis