EAC works with EU technical groups on Economic Partnership Agreement
EPAs are trade and development agreements negotiated between the EU and African, Caribbean and Pacific partners engaged in regional economic integration processes.
The EAC Heads of State, during the 21st Extraordinary Summit in February 2021, noted that not all partner states are in a position to sign, ratify and implement the agreement.
“The Summit recognized the importance for certain Partner States to move forward and concluded that Partner States who so wish should be able to enter into engagements with the EU with a view to beginning the implementation of the EU -EAC-APE according to the principle of variable geometry,” noted EAC Secretary General Dr. Peter Mathuki.
Dr Mathuki was speaking at the 6th European Union-African Union Summit held in Brussels, Belgium on February 17-18.
Dr Mathuki added that the EU-EAC EPA covers trade in goods, fisheries, agriculture, institutional arrangements, dispute settlement as well as economic and development cooperation.
The agreement contains a clause for future negotiations to be undertaken on trade in services and trade-related issues (competition policy, investment and private sector development, intellectual property rights, trade and sustainable development, and transparency in public markets).
The EPA, once negotiated and implemented, is expected to help improve the production, supply and trade capacity of the EAC Partner States. The EPA is also expected to support EAC regional integration and development.