Thursday, December 20, 2018
In September 2018, negotiations began for the new Partnership Agreement between the EU and 79 countries in the African, Caribbean and Pacific (ACP) Group of States, to replace the Cotonou Partnership Agreement (CPA). These are scheduled to conclude by July 2019; a new framework will shape the trade, aid and investment relations between the parties for the next 20 years. Importantly, these negotiations are being concluded without the United Kingdom’s participation as it prepares to leave the EU.
- The EU will benefit relatively more than the ACP in future trade liberalisation agreements between the two groups.
- Development aid will be further combined with private finance to achieve developmental outcomes.
- The EU will increase its financial support for trade liberalisation, particularly for African states.