Economic Partnership Agreement Eu Eac

Damuri (2012) indicates that, for 15 bilateral agreements involving QUAD, 7% of the sampled products concerning 11 000 products are temporarily or permanently excluded. These exclusions focus on the agri-food and agricultural sectors, where the political-economic motivations for maintaining protection are high. The EU-EAC EPA covers trade in goods and development cooperation. It also contains a chapter on fisheries, in particular to strengthen cooperation on the sustainable use of resources. The agreement provides for further negotiations on services and trade rules in the future. As expected, a large number of LDCs (26 out of 50) that since 2002 had duty-free market access (FSD) under the EBA initiative, have chosen not to conclude an EPA agreement reflecting their willingness to maintain the status quo and, therefore, not to make use of this possibility of bilateral liberalization of internal trade, although it is politically more attractive than unilateral or multilateral integration. In the end, it is the countries that have been relatively advanced in their own regional integration with a non-LDC partner (i.e. EAC and SACU) that have decided to join the ENIs, indicating that these countries appreciate their regional integration efforts and may be more reformist. Kenya and Rwanda signed the EPA in September 2016 and Kenya has ratified it. For the EPA to enter into force, the three remaining EAC members must sign and ratify the agreement. Development: EPAs must be „economically useful, politically sustainable and socially acceptable“. With the exception of the CA-EU EPA initialled in 2007, all other IEPA negotiations focused on negotiating issues related to trade in high-energy goods in order to establish the list of exclusions in order to reach 80% duty-free imports from the EU, as well as the appropriate timetable to achieve this objective.

In the end, the IEPA did not result in a „comprehensive“ free trade agreement, since only 80% of imports from the EU were ultimately to be set at zero. It is therefore interesting to have an idea of what has been negotiated, as opposed to a comprehensive mutual free trade agreement, which sets all tariffs on EU imports at zero, and what could have happened under a deep agreement, including trade barriers for services. For the EAC, the full EPA consists of three phases.4 The first is the full implementation of the EAC`s TEC, which provides for tariff liberalisation for around 50% of EU imports in 2011. Although the list of derogations from the CEC (the list of Sensitive Item (SI) products) should be extended, the five EAC countries have been full members of the EAC Customs Union since 2010. If this SI list were to expand, unless new products are included in the expanded list, the EPA would exclude products originating in the EU. . . .

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