Economic Partnership Agreement Nigeria

And why is the EU so blind and contradicting itself when it claims to tackle the root causes of Africa`s unwanted migration to its borders? If the EU, under conditions, the Sustainable Development Goals signed in New York in September 2015 and the goals of the Paris climate agreement of December 2015 should begin to put an end to the EPIs of the Ivory Cete and Ghana. It must then propose two alternatives to EPAs: the WTO agreement on the return to non-reciprocal trade relations with sub-Saharan Africa, as the United States has done with AGOA since 2000, which was renewed in 2015 with the WTO consensus, including the EU; Grant the GSP to Nigeria, Côte d`Ivoire and Ghana, as they meet the criteria for economic vulnerability and have signed the 27 necessary international conventions (with the exception of the Ghana Children`s Labour Convention, which could do so very quickly). But this observation will become much more complex, 13 of the 16 VA countries, including Côte d`Ivoire and Ghana, but also Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Liberia, Mali, Mauritania and Togo – signed the African Continental Free Trade Agreement (AfCFTA) on 21 March 2018 at the extraordinary summit of African Union heads of state on 21 March 2018. , 2018 in Kigali [4], where only Nigeria, Guinea-Bissau and Sierra Leone have not signed. However, the agreement obliges the 13 VA countries to lift their tariffs on 90% of their imports from African countries. Unsurprisingly, the European Commission, which had already partially funded the rahmenlin process, welcomed the signing of AfCFTA and reaffirmed its commitment to continue this support in a joint statement by the Vice-President of the European Commission and the Commissioner for Foreign Affairs, Federica Mogherini, the European Commissioner for Trade, Mrs Cecilia Malmstrom, and the European Commissioner for International Development and Cooperation Neven Mimica . Indeed, AfCFTA will significantly increase EU exports to Africa, where EU multinationals are already in a strong position and which would concentrate their activities in the most competitive countries at the expense of others. Especially since this will also inflate EU exports to Côte d`Ivoire and Ghana, because the MFN (Most Favored Nation) clause of its IEPA (Article 17) obliges them to extend to the EU the tariff advantages of each group of countries that act individually, collectively or through a free trade agreement and have a stake in an investment or financial asset. Your owner (a shareholder) has the right to obtain an equal distribution of distributed profits (a dividend) and to participate in shareholder meetings. more than 1.5% in the year before the Economic Integration Agreement came into force, “as is the case for Africa which, according to the WTO World Trade Organization , the WTO, established on 1 January 1995, replaced the General Agreement on Trade and Customs (GATT). The main innovation is that the WTO enjoys the status of an international organization. Its role is to ensure that no Member State applies any kind of protectionism to accelerate the liberalisation of world trade and facilitate the strategies of multinationals. It has an international tribunal (the dispute resolution body) that assesses all alleged violations of its founding text in Marrakech.

2.2% of world exports and 3.2% of world imports in 2016. In other words, Côte d`Ivoire and Ghana will have to liberalise 90% of their imports from the EU, well above the 75% forecast in their EPIs.