1887

ACP-EU Co-operation

Private Sector Development and Investment

image of ACP-EU Co-operation

This paper considers the Draft Communication on Future EC Support for Private Sector Development in ACP countries (DraCom), prepared by the European Commission (EC)(DG VIII), in light of the ACP Group Negotiating Mandate (GNM) of 30/9/98, and seeks to identify any areas of divergence between the two positions, or proposals by either side requiring further clarification and discussion, and to provide commentary for negotiators to consider. The paper also makes a number of suggestions for the preparation of an agreed action plan for enhanced, private-sector led development in the ACP countries, and of specific initiatives within the plan.

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Analysis

Both documents, DraCom and GNM, recite their common recognition of the fundamental principles of equal partnership and mutual respect, interdependence and solidarity, dialogue and goodwill, in a context of on-going change and current financial turmoil. Both sides recognise the basic objectives and common goals of that partnership as sustainable development towards the elimination of poverty and its causes, and the integration of the less-developed and often disadvantaged countries of ACP into the world economy. DraCom refers (para 8) to employment creation through SME support and export growth through trade, as underlying objectives of its present strategy, and (para 6) to the need to maintain predictable financial flows; while GNM also stresses (para 7) the principle of positive differentiation, and (para 9) the objectives of food security, and social integration, not explicitly mentioned by DraCom.

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