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Perspectives on Industrial Development in NigeriaFuture of the Manufacturing Sector in West Africa Under the Economic Partnership Agreement with the European Union

Perspectives on Industrial Development in Nigeria: Future of the Manufacturing Sector in West... [Since the first decade of this century the European Union (EU) had been engaged in protracted negotiations [1] with 16 West African countries comprising 15 members of the Economic Community West African States (ECOWAS) and Mauritania with a view to fashioning out a new trade agreement between the two regions. The proposed new trade agreement otherwise referred to as the Economic Partnership Agreement (EPA) is expected to be a successor to the Lome Conventions and the Cotonou Agreement which had hitherto governed trade relations between the EU on the one hand and the group of African, Caribbean, and Pacific (ACP) Countries on the other. Unlike the previous trade agreements which were non-reciprocal, under the proposed Economic Partnership Agreement it is envisaged that there will be free trade between the two regions in everything but arms. This is in line with World Trade Organization (WTO) rules which prohibit non-reciprocal preferential trade agreements.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Perspectives on Industrial Development in NigeriaFuture of the Manufacturing Sector in West Africa Under the Economic Partnership Agreement with the European Union

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-84374-8
Pages
249 –266
DOI
10.1007/978-3-030-84375-5_10
Publisher site
See Chapter on Publisher Site

Abstract

[Since the first decade of this century the European Union (EU) had been engaged in protracted negotiations [1] with 16 West African countries comprising 15 members of the Economic Community West African States (ECOWAS) and Mauritania with a view to fashioning out a new trade agreement between the two regions. The proposed new trade agreement otherwise referred to as the Economic Partnership Agreement (EPA) is expected to be a successor to the Lome Conventions and the Cotonou Agreement which had hitherto governed trade relations between the EU on the one hand and the group of African, Caribbean, and Pacific (ACP) Countries on the other. Unlike the previous trade agreements which were non-reciprocal, under the proposed Economic Partnership Agreement it is envisaged that there will be free trade between the two regions in everything but arms. This is in line with World Trade Organization (WTO) rules which prohibit non-reciprocal preferential trade agreements.]

Published: Jan 1, 2022

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