EPA: Content, challenges and opportunities for the Private pp rt - - PowerPoint PPT Presentation
EPA: Content, challenges and opportunities for the Private pp rt niti s f r th Pri t Sector Sector Hon Mohammed B Daramy Hon. Mohammed B. Daramy Commissioner, ECOWAS Trade Customs & Free Movement of People Trade, Customs & Free
Introduction Economic & Trade Structure Negotiation: Structures; Phases; Process
Challenges Opportunities for the Private Sector
Recommendations
Way forward
Yaoundé Lomé I-IV Cotonou
ECOWAS
Yaoundé, Lomé I IV, Cotonou
WAEMU
Ghana Nigeria Mauritania Liberia Benin Burkina Faso Côte d’Ivoire Guinea Bissau Cape Verde
Waiver: End of 2007 WTO Article XXIV
Guinea Gambia Sierra Leone Mali Niger Senegal Togo
WA EPA region
Aim: Foster smooth and gradual integration of
6 RECs: West Africa =16 countries (ECOWAS
Population: 252 million (IMF, 2005) GNP per capita: US$501
Low UN Human Development Index ranking
Real GDP: US$162.5bn (2005) Real GDP: Nigeria (61%); Cote d’Ivoire +
41% below poverty line (below $1 per day) 41% below poverty line (below $1 per day)
Increased from $8.8bn (2002) to $14.0bn (2005)
Mineral Products (69%); Prepared Foodstuffs (12%);
Machinery & Mechanical Appliance (20%);
* ECOWAS 2005 statistics
Cotonou Partnership Agreement (June 2000) Decision A/Dec 11/12/01: Mandate given by
All ACP phase (Sept 2002) Regional REC Phase (Oct 2003) Roadmap (Aug 2004)
Phases I (Sept 2005); II (Oct 2006); III(2007)
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Negotiations held at three (3) levels (with representation from
Private Sector Organisations):
Chief Negotiators Chief Negotiators Senior officials Experts
ECOWAS Council of Ministers ECOWAS Council of Ministers Technical Support Ministerial Facilitation Team Ministerial Facilitation Team Monitoring Ministerial Committee Monitoring Ministerial Committee Regional Preparatory Task Group of Ambassadors Group of Ambassadors Contact Group Technical Support Committee Technical Support Committee Regional Negotiation Committee Regional Negotiation Committee Regional Preparatory Task Force Regional Preparatory Task Force Contact Group Contact Group Thematic Groups and ad- hoc Committees Thematic Groups and ad- hoc Committees National Negotiation Committees National Negotiation Committees
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Development dimension Interpretation of GATT XXIV
Negotiation deadline
Sequencing of activities- Regional
Adjustment costs Singapore and non Roadmap issues Singapore and non Roadmap issues
Improvement of Competitiveness
UNIDO draft proposal for restructuring/ upgrading of the productive sectors
EPA Regional Fund
Institutional structure proposal to mobilize, coordinate and channel resources for EPA implementation
Fiscal impact of the EPA
Modalities for assessing the net fiscal impact and mechanisms for payment of compensations not yet established. Study on the Computable General Equilibrium model is being Study on the Computable General Equilibrium model is being prepared
Support measures devoted to the implementation of the rules of the Support measures devoted to the implementation of the rules of the agreement, building of the capacities of regional integration
mechanisms for implementing and/monitoring the agreement
On 4 April 2007, the EC offered duty and quota-free access to their for all products (except Sugar and rice transitional to their for all products (except Sugar and rice- transitional periods) from 2008
Based on WA liberalising over a transitional period of 25-30 years, for 60-70% of WA trade, with a moratorium of 5-7 years
WA’ l ill i l d l f k i hi h WA’s proposal will include a general framework in which would be incorporated all GATS guiding principles, EU’s commitments for the development of services in WA
Preparation of a draft structure on which text
rules on trade in goods and services, trade-related areas, and trade related areas, and provisions on development
EC submitted a draft text Currently, no joint draft EPA text available for
Stronger involvement and participation:
ECOWAS Treaty
Cotonou Partnership Agreement
Areas of collaborations: Areas of collaborations:
Negotiations (Technical/ Expert meetings)
Workshops (Private Sector meeting, June 2007) Seminars (ITC: Business Implications of EPA,
Resources persons
Formulation Partnership
(Policy formulation & evaluation)
Implementation Partnership
(Programme and Agreement implementation)
Obj ti Obj ti Objectives
(Represent PSO position, dialogue with Governments on strategic orientations)
Objectives
(Enhance PS with access to procurement for programme Implementation and for trade agreement)
Monitoring and Evaluation or Agreement and programme implementations
(Inform of Private sector perception of agreement and programme impact and efficiency)
Upgrading of productive sectors Other regional integration programs
Public-Private Partnership (PPP) Banking & Finance Banking & Finance Business Development Services Policy Formulation, Monitoring & Evaluation
Capacity Building Capacity Building
Private sector should drive economic growth
Strengthen Public-Private dialogue platforms Improve regional Private Sector structures
Better collaboration of PSO at all levels Ownership of the EPA process
Participation in working groups Participation in working groups Representation & feedback
Improve supply chain relationship
Develop Regional Private Sector policy
Pro-development, WTO compatible EPA Interim: Request of extension of WTO waiver
Design Roadmap for completion of
Widen support programmes Define WA market access offer Sensitize ECOWAS stakeholders Sensitize ECOWAS stakeholders