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By early 2000, a new trade agreement must be negotiated between the 72 countries of the African, Caribbean and Pacific (ACP) group and the European Union, to replace Lome IV. This volume features: a commentary on the EU's proposals for the new trade arrangements.
The Lomé IV Convention, which provides the framework for development co-operation between the European Union (EU) and 71 African, Caribbean and Pacific (ACP) states, expires in the year 2000. The form that a successor arrangement would take, will be of considerable importance to the ACP countries, more than half of which belong to the Commonwealth. This study examines the possible options for the next phase of ACP-EU co-operation, addressing the diverse trade and development interests of ACP countries.
This report on the future of EU trade policy has been written against a background of continuing uncertainty over a WTO waiver for the EU-ACP Cotonou Convention that would continue liberal access to the EU for ACP exports until 2007.
In recent years the Lome Conventions have guided trade and economic relations between the EEC and more than 60 African, Caribbean, and Pacific nations (ACP). Addressed to the development needs of the ACP, the treaties include provisions for expanding export trade, stabilizing export earnings levels, providing multilateral aid, assisting in mineral and fuel production, and bolstering investment and technology transfer from the EEC to ACP countries. This book reviews the Lome provisions and the expectations surrounding them and provides a concise economic analysis of the results of the first Lome accord (1975-1979). It also examines Lome's effects on U.S. international economic interests. Dr. Moss's analysis shows that many provisions of the Lome Conventions have not had the results hoped for, particularly from the perspective of the developing nations, but that they do provide some benefits to the ACP and give the European Economic Community an advantage over the U.S. in trade with ACP nations. She concludes by suggesting steps the U.S. might take to improve its position regarding trade and aid to developing countries.
The Post-Uruguay Round era has seen a proliferation of regional preferential trade agreements (PTAs) as well as progressive multilateral trade liberalization initiatives. This has stimulated theoretical discussion on whether the policy of pursuing PTAs will have a malign or a benign impact on multilateralism. In the former case, proliferation of PT As may increase protection in global trade due to trade diversion effects, thereby creating impediments to multilateral freeing of global trade. In the latter case, the expansion of PTA membership could ultimately lead to non-discriminatory global free trade. At the core of this discussion is the question of how to explain the preference for PTA membership. While some economists view the expansion of PTA membership as exogenously determined, participants of the Fourth Annual Workshop of the Network EU-LDC Trade and Capital Relations also considered endogenous factors explaining increased PTA membership. This book offers a closer look at the motives of policy makers in both developed and developing countries to still adhere to PTAs, notwithstanding the theoretical superiority of multilateralism, and addresses the question of how to bring order into the world trading system. These issues are dealt with in 9 chapters by scholars from both the EU and LDCs. Each paper is discussed in terms of its policy relevance by a policy maker as well as by an academic specialized in the field.
When Contracting Parties finally signed the Uruguay Round GATT Agreements, then EC Members were split on reform of the EC banana import regime. An ambiguous legal outcome allowed EC States to sign the GATT accords while reserving the right to challenge the EC banana regime, defended adamantly by countries with former African, Caribbean, and Pacific colonies -- so-called ACP countries who benefited from Lome Convention trade preferences. This paper describes a single-tariff system to replace the old system of quotas. The proceeds of the tariff, the paper shows, can be used to provide non-distorting income support to ACP countries.
First published in 1993, this title explores the underlying ideologies and decision-making procedures that codify the rules of the post-World War II liberal, now defunct Soviet socialist, mercantilist and South preferential trade regimes. Food Fights presents a rich case study and rigorous data analysis of organised agrictultural trade that uncovers similarities between these diverse economic systems and identifies the principle trends governing the new global economy.