Economic Partnership Agreements With Africa

This is why the EPAs provide for special regimes for this specific group. Unlike other ACP countries, the group of least developed countries is called upon to reject the EPAs and continue trade relations under the Everything But Arms (EBA) Regulation. This amendment to the EC`s Generalised System of Preferences, launched by the Council of Ministers in 2001, has since regulated trade relations between the EU and the least developed countries that have opted for this possibility and gives duty-free access to all products from the least developed countries without quantitative restrictions, with the exception of weapons and ammunition. This provision, while facilitating the situation of least developed countries under the new trade regime, has also been criticised because the EBA initiative prevents least developed countries from opening their markets to EU products under an EPA. .