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Economic Partnership Agreements: The Impact of Trade Liberalisation

Author

Listed:
  • Lionel Fontagné
  • David Laborde
  • Cristina Mitaritonna

Abstract

The WTO rules of non-discrimination require a redefinition of the existing trade agreements between the European Union and the ACP countries. If they wish to retain preferential access to the European market, these countries and the EU will have to come to a reciprocal free trade agreement (EPAs) covering most of the bilateral trade. But uneven development creates a high degree of asymmetry between the two negotiating parties, accentuated by the current levels of protection which strongly concentrate the effort necessary to accomplish the liberalisation reform on ACP countries. In this article we evaluate the commercial and budgetary impact for each of the six ACP regions with whom the EU has been negotiating. For some countries, the transition will be difficult and will require sustained European support.

Suggested Citation

  • Lionel Fontagné & David Laborde & Cristina Mitaritonna, 2008. "Economic Partnership Agreements: The Impact of Trade Liberalisation," La Lettre du CEPII, CEPII research center, issue 276.
  • Handle: RePEc:cii:cepill:2008-276
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    File URL: http://www.cepii.fr/PDF_PUB/lettre/2008/let276ang.pdf
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    More about this item

    Keywords

    TRADE POLICY; EPA;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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