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The CARIFORUM and Pacific ACP Economic Partnership Agreements

Challenges Ahead?

image of The CARIFORUM and Pacific ACP Economic Partnership Agreements
This report on the CARIFORUM and Pacific ACP Economic Partnership Agreements analyses the detailed implications for the economies of the countries involved of commitments signed or initialled, including an indication of the broad country and regionwide effects. The two agreements cover general provisions related to trade in goods and, in the case of CARIFORUM, an agreement on services as well as coverage on other traderelated issues.



The authors argue that, partly because they are so complex, the agreements are likely to have farreaching implications for all countries involved, but that there has been almost no informed discussion of the likely detailed effects of the agreements based on an analysis of their impact at an industry or sectoral level.



Understanding what these Economic Partnership Agreements mean is challenging, but necessary for both trade negotiators and the private sector. This publication therefore provides an initial analysis and could form the basis of more detailed work at the national level.

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Introduction

This is the second report (and third discrete output) from a project undertaken by the Overseas Development Institute (ODI). It identifies the broad features of the IEPA that has been initialled by Fiji Islands and Papua New Guinea, and the full EPA that was signed formally by most of the CARIFORUM states on 15 October 2008. There are two principal differences between the status of the Pacific and CARIFORUM documents. One is that the CARIFORUM agreement is a full EPA which covers liberal - isation of services and makes commitments in other trade-related areas, matters that are covered only in terms of general principles and timetables in the IEPA. However, for convenience, the initials EPA are sometimes used to cover both agreements. The other difference is that the CARIFORUM agreement was signed by most of the parties while this report was being prepared, whereas the Pacific IEPA has only been initialled while negotiations on some aspects continue.

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