Define the Economic Partnership Agreement and Discuss the Ways in Which Businesses in the Caribbean Should Organize to Take Advantage of This Development.
It is important that we examine precisely the provisions that will be available to the Caribbean Countries, as this will strengthen our discussions on ways in which businesses in the Caribbean should organize themselves to take advantage of the Economic Partnership Agreement.
Norman Girvan’s article “Implications of the CARIFORUM-EC EPA, examined the provisions, state that the EPA was a trade agreement with development components designed to open-up and develop trade between Europe and CARIFORUM, removing the barriers to trade between them and by means of improving CARIFORUM’s capacity to trade competitively.
Listed below is a summary of the actual agreement and intended objectives in which Caribbean countries could take advantage of the developments leading to the EPA.
a. Contributing to the reduction and eventual eradication of poverty through the establishment of a trade partnership consistent with the objective of sustainable development, the Millennium Development Goals and the Cotonou Agreement;
b. Promoting regional integration, economic cooperation and good governance thus establishing and implementing an effective, predictable and transparent regulatory framework for trade and investment between the Parties and in the CARIFORUM region;
c. Promoting the gradual integration of the CARIFORUM States into the world economy, in accordance with their political choices and development priorities;
d. Improving the CARIFORUM States ' capacity in trade policy and trade related issues;
e. Supporting the conditions for increasing investment and private sector initiative and enhancing supply capacity, competitiveness and economic growth in the CARIFORUM region;
f. Strengthening the existing relations between the Parties on the basis of solidarity and mutual interest. To this end, taking into account their respective levels of development and consistent with WTO obligations, the Agreement shall enhance commercial and economic relations, support
Norman Girvan’s article “Implications of the CARIFORUM-EC EPA, examined the provisions, state that the EPA was a trade agreement with development components designed to open-up and develop trade between Europe and CARIFORUM, removing the barriers to trade between them and by means of improving CARIFORUM’s capacity to trade competitively.
Listed below is a summary of the actual agreement and intended objectives in which Caribbean countries could take advantage of the developments leading to the EPA.
a. Contributing to the reduction and eventual eradication of poverty through the establishment of a trade partnership consistent with the objective of sustainable development, the Millennium Development Goals and the Cotonou Agreement;
b. Promoting regional integration, economic cooperation and good governance thus establishing and implementing an effective, predictable and transparent regulatory framework for trade and investment between the Parties and in the CARIFORUM region;
c. Promoting the gradual integration of the CARIFORUM States into the world economy, in accordance with their political choices and development priorities;
d. Improving the CARIFORUM States ' capacity in trade policy and trade related issues;
e. Supporting the conditions for increasing investment and private sector initiative and enhancing supply capacity, competitiveness and economic growth in the CARIFORUM region;
f. Strengthening the existing relations between the Parties on the basis of solidarity and mutual interest. To this end, taking into account their respective levels of development and consistent with WTO obligations, the Agreement shall enhance commercial and economic relations, support