CARIFORUM to review EPA amid concerns from ACP

GEORGETOWN, Guyana, Thursday, February 28, 2013 – The Caribbean Forum, which comprises the Caribbean Community (CARICOM) grouping along with the Dominican Republic, will launch a five year review of the Economic Partnership Agreement (EPA) it signed with the European Union (EU) in 2008.

The announcement of this review comes at a time when members of the African Caribbean and Pacific (ACP) group are becoming increasingly vocal in their concerns over the proposal and timeline for implementation of the other agreements scheduled to be signed between the EU and the other regions within the ACP it has been negotiating EPAs with.

Concerns especially about the trade and development deal echoed throughout the 7th summit of the ACP heads when it took place in Equatorial Guinea in December 2012. 

At that time, Irwin La Rocque, Secretary General for CARICOM, said: “One of the things that we are looking forward to is the five year review…to see how it’s doing. What has been the impact not just on trade but the whole impact on development because this is supposed to be a trade and development agreement.” Click here to receive free news bulletins via email from Caribbean360. (View sample)