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Economic partnership agreements between the European Union and African, Caribbean, and Pacific Countries: What is at stake for Senegal

Author

Listed:
  • Berisha-Krasniqi, Valdete
  • Bouet, Antoine
  • Mevel, Simon

Abstract

"In recent years the European Union has sought to transform its trading regime with the ACP countries by advocating reciprocal free trade agreements with them through Economic Partnership Agreements (EPAs). As a result, the EPA talks were launched in 2002 and were expected be completed by the end of 2007. Nevertheless, many African countries, including Senegal did not reach agreements with the European Union in 2007 amid rising concerns that such agreements do not represent the interests of developing countries. This policy shift from preferential trade to free trade would imply drastic changes for Senegal's economy, which currently enjoys relatively good access to European market (but also to the U.S. through the African Growth Opportunity Act) while applying a high domestic protection on all sources of imports. As a result, this type of reform would result in improved access to foreign markets only for the EU. Furthermore, the EPA implies a loss of tariff revenues from liberalization, which has been a key concern for ACP countries from the beginning of talks because they constitute a high level of public receipts there. Finally this kind of reform could lead to trade diversion in Senegal while creating not enough trade. Using the MIRAGE computable general equilibrium model the study examines the potential impact of Economic Partnership Agreements on ACP countries with a special focus on Senegal." from Author's Abstract

Suggested Citation

  • Berisha-Krasniqi, Valdete & Bouet, Antoine & Mevel, Simon, 2008. "Economic partnership agreements between the European Union and African, Caribbean, and Pacific Countries: What is at stake for Senegal," IFPRI discussion papers 765, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:ifprid:765
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    References listed on IDEAS

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    Cited by:

    1. Rehab O. M. Osman, 2015. "SADC Trade with the European Union from a Preferential to a Reciprocal Modality," South African Journal of Economics, Economic Society of South Africa, vol. 83(1), pages 23-40, March.
    2. Douillet, Mathilde, 2011. "Which trade integration scheme can best help Sub-Saharan Africa develop and export more processed agricultural goods?:," IFPRI discussion papers 1119, International Food Policy Research Institute (IFPRI).
    3. Douillet, Mathilde, 2012. "Trade policies and agricultural exports of Sub-Saharan African countries: Some stylized facts and perspectives," MPRA Paper 40962, University Library of Munich, Germany.
    4. Franck Viroleau, 2015. "The Evolution of Gender Wage Inequality in Senegal Following the Economic Partnership Agreements," EconomiX Working Papers 2015-10, University of Paris Nanterre, EconomiX.
    5. Osman, Rehab Osman Mohamed, 2012. "The EU Economic Partnership Agreements with Southern Africa: a computable general equilibrium analysis," Economics PhD Theses 0412, Department of Economics, University of Sussex.
    6. Sokhna Diarra MBOUP & Racky BALDE & Thierno Malick DIALLO & Christian Arnault EMINI, 2016. "L’impact des réformes commerciales sur l’emploi et le bien-être dans les pays de la CEDEAO : le cas du Sénégal," Working Papers MPIA 2016-26, PEP-MPIA.
    7. Douillet, Mathilde, 2012. "Trade policy reforms in the new agricultural context: Is regional integration a priority for Sub-Saharan African countries agricultural-led industrialization? Insights from a global computable general," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126546, International Association of Agricultural Economists.

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    Keywords

    Economic partnership agreements; European Union; economic growth; Computable general equilibrium (CGE) modeling; trade; Markets; Globalization;

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