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Full Description
This report on the CARIFORUM and Pacific ACP Economic Partnership Agreements analyses the detailed implications for the economies of the countries involved of commitments signed or initialled, including an indication of the broad country and region-wide effects. The two agreements cover general provisions related to trade in goods and, in the case of CARIFORUM, an agreement on services as well as coverage on other trade-related issues.
The authors argue that, partly because they are so complex, the agreements are likely to have far-reaching implications for all countries involved, but that there has been almost no informed discussion of the likely detailed effects of the agreements based on an analysis of their impact at an industry or sectoral level.
Understanding what these Economic Partnership Agreements mean is challenging, but necessary for both trade negotiators and the private sector. This publication therefore provides an initial analysis and could form the basis of more detailed work at the national level.
Contents
Abbreviations and acronyms
Executive summary
Broad findings
1. Introduction
1.1 Scope of the project
1.2 Scope and structure of the report
Part A. Main Principles for Trade in Goods
2. Liberalisation Commitments in the Main CARIFORUM EPA Text
2.1 Border restrictions
2.2 Common provisions
3. Liberalisation Commitments in the Main Pacific IEPA Text
3.1 Review of tariff concessions
3.2 Export duties
3.3 Free circulation of goods
3.4 MFN clause
3.5 Infant industry protection
3.6 Customs co-operation
3.7 Technical barriers to trade and sanitary and phytosanitary standards
3.8 Institutional provisions
3.9 Rendezvous clause
Part B. Tariff Removal Commitments
4. The EPA Liberalisation Commitments
4.1 Approach and methodology
4.2 Liberalisation in the two Pacific states
4.3 Liberalisation by CARIFORUM states
4.4 Para-tariffs and non-tariff barriers
4.5 Hypothetical revenue loss from liberalisation
5. The Treatment of Exports
5.1 The EU tariff regimes on ACP exports
5.2 The cost of losing preferences: the Pacific states
5.3 The cost of losing preferences: CARIFORUM
5.4 The additional export advantages of DFQF access
Part C. Services
6. Services Provisions in the CARIFORUM EPA
6.1 The approach to liberalisation
6.2 Horizontal services commitments in the EPA
6.3 Sectoral services commitments in the EPA
6.4 Concluding remarks on services
Part D. Conclusions
7. Broad Findings
8. What Happens Next?
References
Appendices
1. Summary of Key Provisions in the CARIFORUM EPA Text
2. Summary of Key Provisions in the Pacific IEPA Text
3. Comparative Structure of the CARIFORUM and PACP EPAs
4. Summaries of Individual CARIFORUM States' Market Access Schedules
5. Summaries of Individual CARIFORUM States' Exclusions
6. Broad Composition of Individual CARIFORUM States' Exclusions
7. Loss of EU Preferences - The Broad Picture for Individual CARIFORUM States
8. Individual CARIFORUM States' Exports That Would Face Tariffs Outside an EPA
