ECOWAS countries sign EPA

ecowas-418x215President John Mahama and Chairman of the Economic Community Of West African States (ECOWAS) has revealed that they have finally signed onto the Economic Partnership Agreement (EPA) with  the European Union.

ECOWAS countries by this agreement would open up 70 percent of their markets to EU goods, while having one hundred percent access to the European market except for rice and sugar.

The Authority of ECOWAS Heads of State and Government in July 2014 endorsed the Economic Partnership Agreement with the EU.

The Trades Union Congress (TUC) and the Economic Justice Network (EJN) condemned the move and warned that the agreement will lead to the collapse of the sub-region’s young manufacturing sector.

Confirming the latest development at the opening of the UK -Ghana Trade and Investment Forum in London, President John Mahama  said,” we’ve signed onto an EPA which is going to create a more favourable trade condition between Europe and West Africa”.

A former chief negotiator for ECOWAS in the Economic Partnership Agreement (EPA) with the European Union (EU), Dr. Mohamed Ibn Chambas, called on ECOWAS to address the concerns raised by civil society groups on the agreement.

President Mahama has consistently defended the Economic Partnership Agreement (EPA) with the European Union (EU) saying, it is the only way to ensure  economic growth within the sub-region.

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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