In 2020, the Economic Partnership Agreement (EPA) between the EU and 14 CARIFORUM states has been implemented for 10 years.
What is CARIFORUM?
What is an EPA?
Economic Partnership Agreements are a scheme to create a free trade area (FTA) between the European Union and the African, Caribbean and Pacific Group of States (ACP). the EPAs date back to the signing of the Cotonou Agreement. The EPAs with the different regions are at different stages.
Like all EPAs, the EU-Cariforum EPA is a development-oriented trade agreement, geared towards fostering long-term sustainable economic growth in the Caribbean..
The EU-Cariforum EPA is ‘comprehensive’ both in the geographic and thematic sense, covering the whole region and including not only provisions on
trade in goods
trade in services
trade-related issues like competition, innovation and intellectual property, transparency in public procurement and trade and sustainable development.