Trade and Development Nexus: reflections on the performance of trade in goods under the Cariforum-European Union Partnership agreement a Cariforum perspective

McLean, Sheldon
Humphrey, Errol
Khadan, Jeetendra

2014-12-16

LC/CAR/L.458

Descargar documento

Given the asymmetry in the levels of development and capacity which exist between the EU and CARIFORUM States, the architects of the CARIFORUM-European Union (EU) Economic Partnership Agreement (EPA)1 anticipated the need for review and monitoring of the impacts of implementation. Article 5 and other provisions in the Agreement therefore specifically mandate that monitoring be undertaken to ensure that the Agreement benefits a wide cross-section of the population in member countries. The paper seeks to provide a preliminary assessment of the impact of the EPA on CARIFORUM countries. In so doing, it highlights some critical information and implementation gaps and challenges that have emerged during the implementation process. The analysis however, is restricted to goods trade. The services sector will be the subject of a separate report. The paper draws on a combination of quantitative and qualitative analyses. While the paper undertakes a CARIFORUM-wide analysis for the most part, five CARIFORUM member states including Barbados, Dominican Republic, Guyana, Saint Kitts and Nevis and Saint Lucia are examined more closely in some instances. These economies were selected by virtue of economic structure and development constraints, as a representative subset of CARIFORUM, which comprises the CARICOM membership as well as the Dominican Republic.

.--I. Introduction.--II. Background.--III. Assessment of the performance of the CARIFORUM-EU EPA.--IV. EPA implementation challenges and areas of development focus.--V. Conclusion and way forward

DEVELOPING ISLAND COUNTRIES; EUROPEAN UNION; TRADE AGREEMENTS; INTERNATIONAL TRADE; FOREIGN TRADE; FOREIGN TRADE POLICY; UNION EUROPEA; PAISES INSULARES EN DESARROLLO; CONVENIOS COMERCIALES; COMERCIO INTERNACIONAL; COMERCIO EXTERIOR; POLITICA DEL COMERCIO EXTERIOR;