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The European Union–West Africa Economic Partnership Agreement

Author

Listed:
  • Bouët, Antoine
  • Laborde Debucquet, David
  • Traoré, Fousseini

Abstract

Despite recent modifications, the Economic Partnership Agreement (EPA) between the European Union (EU) and West African (WA) countries is still being criticized for its potential detrimental effects on WA countries. This paper provides updated evidence on the impact of the EPA on these countries. A dynamic multicountry, multisector computable general equilibrium trade model with modeling of the dual-dual economy and with a consistent tariff aggregator is used to simulate a series of new scenarios that include updated information on the agreement. We also go beyond estimating macrolevel economic effects to analyze the impacts on poverty. The policy simulation results show that the implementation of the EPA between the EU and WA countries would have marginal but positive impacts on Burkina Faso and Côte d’Ivoire and negative impacts on Benin, Ghana, Nigeria, Senegal, and Togo. The impact on poverty indicators in Ghana and Nigeria would be marginal. From the perspective of WA countries, this study supports the view that recent EU concessions are not sufficient and that domestic fiscal reforms are needed in WA countries themselves.

Suggested Citation

  • Bouët, Antoine & Laborde Debucquet, David & Traoré, Fousseini, 2017. "The European Union–West Africa Economic Partnership Agreement," IFPRI discussion papers 1612, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:1612
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    EUROPEAN UNION [INTERNATIONAL AGREEMENTS]; GHANA; WEST AFRICA; AFRICA SOUTH OF SAHARA; AFRICA; BURKINA FASO; COTE D'IVOIRE; BENIN; NIGERIA; SENEGAL; TOGO; economics; trade; trade agreements; poverty; indicators; impact assessment; fiscal policies; reforms; regional trade agreements; computable general equilibrium model; dual-dual model; F11 Neoclassical Models of Trade; F13 Trade Policy; International Trade Organizations; F15 Economic Integration;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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