Audio By Carbonatix
Civil society organisations have asked governments of ECOWAS countries to suspend all trade-related negotiations with the EU.
Representatives of the organisations speaking at the ongoing 11th African Trade Network Review and Strategy meeting in Accra said any such negotiations could put Africa on the losing side.
The conference which has brought together representatives from all ECOWAS countries and is strategising a campaign against the Economic Partnership Agreements (EPAs).
The EPAs are a scheme to create a free trade area (FTA) between the European Union and the African, Caribbean and Pacific countries. They are a response to continuing criticism that the non-reciprocal and discriminatory preferential trade agreements offered by the EU are incompatible with WTO rules.
However, most African countries have since the announcement of the programme presented stiff criticism arguing it does not serve the interest of the continent.
The groups at the Accra meeting gave a number of reasons for which African countries may have to suspend trade negotiations, especially with the EU. They argue:
1. The world economic order has changed. There are now new players such as China and India who seem to be shaping the direction of global trade at the expense of the traditional players like the US and Britain.
2. The financial crisis that has hit Europe and Northern America means Africa may not be able to secure adequate volumes of imports from these countries. The situation could also reduce the EU’s loan advances to Africa and other ACP countries.
The groups also argue that the situation is even more serious considering the current high food prices in the continent. Food prices have surged a record high of 40 per cent this year on the continent, analysts say.
At the moment, Ghana has signed the "EPA light" ahead of the ECOWAS timetable, pending the implementation of a permanent deal.
Government is expected to sign the final phase of the Economic Partnership Agreement this year.
Author: Fiifi Koomson
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
7 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
18 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
21 minutes -
Nigeria convicts 386 Islamist militants in mass trials
27 minutes -
Djibouti president wins election with 97.8% of vote, state media saysÂ
31 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
45 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
1 hour -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
2 hours -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours