Perhaps the most radical amendment introduced by the Cotonou Agreement concerns trade cooperation. Since the first Lomé Convention in 1975, the EU has not granted reciprocal trade preferences to ACP countries. However, under the Cotonou Agreement, this system has been replaced by the Economic Partnership Agreements (EPAs), a new regime that came into force in 2008. The new regime provides for reciprocal trade agreements, which means that not only does the EU grant duty-free access to its ACP export markets, but also that ACP countries grant duty-free access to their own markets for EU exports. Under the new agreement, the EU can be more selective and flexible in allocating and using its development resources. Endowments are based on an assessment of a country`s needs and performance and include the ability to regularly adjust financial resources. In practice, this means that more money can be paid to “good interpreters” and that the proportion of “bad interpreters” can be reduced. The agreement signed in 2016 with the United Nations Office for South-South Cooperation (UNOSSC) is particularly important and allows us to establish areas of mutually beneficial cooperation. The Cotonou Agreement is a treaty between the European Union and the group of African, Caribbean and Pacific States (“ACP States”). It was signed in June 2000 in Cotonou, Benin`s largest city, by 78 ACP countries  (Cuba has not signed) and the fifteen Member States of the European Union. It came into force in 2003 and was revised in 2005 and 2010.
Your email address will not be published. Mandatory fields are marked – This event is really South-South cooperation in action. We are issued for the very special ceremony of the official creation of the Information Centre for the South-South and the Pacific Ocean – a gift from your Excellency, the government and people of Equatorial Guinea to the people and the ACP group of 79 member states. The Community and its Member States, on the one hand, and the ACP States, on the other, referred to as `parties`, conclude this agreement in order to promote and accelerate the economic, cultural and social development of the ACP States, to contribute to peace and security and to promote a stable and democratic political environment. The Centre will conduct its activities in the global context of development cooperation and contribute to the achievement of global agendas such as the 2030 Sustainable Development Agenda and facilitate the achievement of its 17 Sustainable Development Goals (SDGs), the Paris Agreement on Climate Change and Addis Ababa`s Agenda for Development Financing. ]] On the 10th. The EDF (2008-2013) has a significantly increased budget of 22.7 billion euros, 5.6 billion euros are planned to support regional programmes, in particular investments in African regional infrastructure projects under the EU-Africa infrastructure partnership launched in October 2007 in Addis Ababa ,Ethiopia) by the African Union Commission (AUC) and the European Commission.   2.