The European Union has made a significant breakthrough in its economic relationship with Africa by concluding two regional trade deals encompassing 22 countries, including Nigeria and South Africa, the continent’s largest economies.
The deals were each signed within a week of each other, after ten years of negotiations. Together they constitute a move towards the declared aim of both the EU and Africa that trade should be a centrepiece of their relationship.
They go well beyond the traditional trade agenda of tariffs and quotas, and include clauses covering investment and opening up services markets. These so-called economic partnership agreements (EPAs) also incorporate …read more
Source: European Voice
