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Vox cognoscentis: Economic Partnership Agreement (EPA).

An economic partnership agreement is an economic arrangement that eliminates barriers to the free movement of commodities and investment between countries. This agreement can be considered an intermediate step between free trade area and single market in the process of economic integration. EPAs or Economic Partnership Agreements are a form of trade partnership that have been used to classify trade negotiations between the EU and African, Caribbean and Pacific States (ACP states).The Economic Partnership Agreements (EPAs) between the EU and ACP regions are aimed at promoting trade between the two groupings through trade development, sustainable growth and poverty reduction. The EPAs set out to help ACP countries integrate into the world economy and share in the opportunities offered by globalisation.

Source: http://ec.europa.eu/trade/policy/countries-and-regions/development/economic-partnerships/index en.htm
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Publication:Namibia Economist (Windhoek, Namibia)
Date:Jul 12, 2013
Words:134
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