Audio By Carbonatix
After vehement protests and controversy over the trade partnership agreement between the EU and Africa Caribbean and Pacific countries, Ghana is set to sign the much criticised EPA.
But the government is signing an abridged version called EPA–lite.
An official signing ceremony between the government and the EU will take place at the castle later this afternoon.
The EPA-lite is a partial arrangement that will ensure that exports of certain sensitive products to the EU are protected from higher tariffs while negotiations on the original text of the EPA continue.
It is a compromise proposal from the European Union to commit ACP countries to continuous trade relations. The current preferential agreement known as the Cotonou agreement expires by the end of 2007 and the EC says it will not renew it as ECOWAS is demanding.
The EU wants to start implementing a new trade arrangement known as the EPA with the developing countries by January next year.
This deal will allow exports to the EC ‘duty-free-quota-free’ while the EU in turn enjoys similar preferences on its exports to the developing markets.
A delegation from the European Commission and some representatives of ECOWAS countries and their negotiators will meet at the Castle Osu for the ceremony.
The latest development was unexpected after the strong stance adopted by African heads of state against the deal at the just ended EU-Africa summit in Lisbon.
Barely three weeks ago Ghana’s chief negotiator at the Trade Ministry, Sae Berewusi spoke emphatically about Ghana’s objection to the deal.
The signing this afternoon will make the country the second within ECOWAS after Ivory Coast.
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
-
Ghana’s problems solvable but not with square pegs in round holes
1 hour -
Gospel veteran Dr. Collins Nyantachie returns with soothing album ‘Obe Tumi Ay3’
2 hours -
Sissala West MP launches maiden teacher awards and scholarship scheme
2 hours -
Paramount chief appeals to gov’t to build new regional hospital in Jirapa
2 hours -
Jirapa MP donates bedsheets to St. Joseph Catholic Hospital amidst appeals to upgrade 70-year-old facility
3 hours -
Tamale Central MP: Better schooling key to bridging north-south divide
3 hours -
“An Incredible Ghanaian Enterprise”: Asantehene hails KGL Group at coronation ball
4 hours -
Mahama pledges 40 additional armoured vehicles to bolster police operations
4 hours -
One dead as gunmen attack passenger bus in bloody Walewale-Nasia highway ambush
5 hours -
[Video] Bawumia and Asiedu Nketia unite at SDA anniversary in Sunyani
5 hours -
IGP sounds alarm over police-to-citizen ratio as Lower Manya Krobo gets new HQ
6 hours -
Bringing back ‘By The Fireside’: Ohio University’s Emmanuel Mensah calls for digital entertainment education revival
6 hours -
Chief of Staff announces Presidential Delivery Unit to track government commitments
7 hours -
Barcelona move to within two points of La Liga title with Osasuna win
7 hours -
World Relays: We can’t afford to miss out again” — Amenakpor rallies Ghana after relay setback
7 hours