1887

ACPEU Trade and Aid Cooperation

Post Lomé IV

image of ACPEU Trade and Aid Cooperation

The Lomé IV Convention, which provides the framework for development cooperation 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 ACPEU cooperation, addressing the diverse trade and development interests of ACP countries.

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The Export Record of the ACP Countries and the Role of Trade Preferences

The small size of population and the generally low level of income means that the growth of most of the ACP countries will be constrained by the small size of the domestic market and that they must participate in international trade to a greater extent than larger countries at a comparable level of development. It is often claimed that the ACP countries have failed to respond to this challenge and that falling shares in world commodity markets and in EU imports are evidence of the failure of domestic polices. Also, the continued dependence on exports of primary products is seen as evidence that the ACP countries have failed to take advantage of Lomé preferences to diversify the product composition of their exports.

English

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