Trade Agreements Eu Africa

In recent years, the EU has been one of the most active trade negotiators in the world. We now have more than 40 agreements with no less than 70 countries. It`s more than just economic pacts. These are strategic alliances for open trade at a time of increasing protectionism. They are the basis of stability when the global environment is uncertain. However, if they are not properly implemented, their benefits cannot be exploited. In the EU, we know this all too well. Implementation and implementation have been crucial to the success of the EU internal market. In Africa, EPAs support the implementation of the Africa-Europe Alliance for Sustainable Investment and Jobs, launched in September 2018. These are key instruments of the EU`s overall strategy with Africa. The economic pillar of this strategy sees trade – in addition to regional and continental economic integration – as an important element in promoting the sustainable development of African countries.

One study showed that eu trade agreements implemented during the 1993-2013 period “reduced quality-adjusted prices by almost 7%.” [83] Overall, the inclusion of literature on EU initiatives for “dialogue” and “participation” clearly shows that civil society actors and representatives of African businesses are denied a real chance to have a real influence on trade and aid policies on the merits of the EU. Nevertheless, their presence at EU-organised dialogue meetings plays an important role in helping the Commission present its trade agenda as a legitimisation of development standards. In Europe, we have a long-term vision of the way forward: a free trade area between continents. Everything we do in trade is for the integration of our economies. THE EPAs are an example. We will lay the groundwork for an agreement between the continent and the continent if our African partners are prepared to do so. We have done a lot for economic integration in Africa and with it, but there is much more to be done. AfCFTA is of paramount importance in this regard and that is why we fully support it. It is worrying, however, that a closer look at civil society dialogues and aid for trade within the EU shows that EPAs are not really aligned with development goals.