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Economic Partnership between the ACP countries and the EU

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Author Info
Karel van Hoestenberghe
Hein Roelfsema ()

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Abstract

In this paper we explore the nature and effects of the Economic Partnership Agreements (EPAs) between the EU and groups of African, Caribbean and Pacific (ACP) countries. We argue that the direct economic effects from reciprocal trade liberalization - both positive and negative - may be rather limited. EPAs will only marginally increase access of ACP countries to the EU market and empirical studies on the static effects of preferential trade liberalization show a small negative effect on welfare for ACP countries. After that, we investigate ways in which the EPAs can be deepened so as to contribute to development: by increasing external financing options of firms in ACP countries; by expanding the role of the private sector and MNEs in economic development; and by supporting regional organizations.

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Publisher Info
Paper provided by Utrecht School of Economics in its series Working Papers with number 06-20.

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Length: 18 pages
Date of creation: Jul 2006
Date of revision:
Handle: RePEc:use:tkiwps:0620

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Related research
Keywords: ACP Countries; Economics Partnership Agreements;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
F54 - International Economics - - International Relations and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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This page was last updated on 2009-12-10.

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