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Investment Issues in the West Africa–European Union Economic Partnership Agreement Negotiations: Is a Harmonised Regional Investment Framework the Answer?

Investment Issues in the West Africa–European Union Economic Partnership Agreement Negotiations:... PAUL KURUK I. INTRODUCTION The African, Caribbean and Pacific Group of Countries (ACP) are currently involved in negotiations with the European Union (EU) to replace the existing trade agreement governing trading relations between the EU and the ACP (the Cotonou Agreement)1 with new trade agreements to be called Economic Partnership Agreements (EPAs).2 The negotiations became necessary because of the demand within the World Trade Organization (WTO) for members to revise their trading arrangements to comply with the WTO principle of reciprocity.3 Under the Cotonou Agreement of 2000, the EU extended unilateral trade preferences to ACP countries,4 which some members of the WTO successfully challenged5 as violating the principle of reciprocity,6 hence the need to replace LLB (Hons), University of Ghana, Legon, Ghana; LLM, Temple University School of Law, Philadelphia, Pennsylvania; JSD, Stanford Law School, Stanford, California; Professor of Law, Cumberland School of Law of Samford University, Birmingham, Alabama. 1 The text of the Cotonou Agreement can be found at http://www.acpsec.org/en/conventions/ cotonou/accord1.htm (accessed 12 December 2011). 2 The Economic Partnership Agreements envisage the creation of free trade areas between the EU and ACP regions. 3 Under the principle of reciprocity, when one party to a trade agreement makes a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png African Journal of International and Comparative Law Edinburgh University Press

Investment Issues in the West Africa–European Union Economic Partnership Agreement Negotiations: Is a Harmonised Regional Investment Framework the Answer?

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Publisher
Edinburgh University Press
Copyright
© Edinburgh University Press 2012
Subject
Articles; African Studies
ISSN
0954-8890
eISSN
1755-1609
DOI
10.3366/ajicl.2012.0045
Publisher site
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Abstract

PAUL KURUK I. INTRODUCTION The African, Caribbean and Pacific Group of Countries (ACP) are currently involved in negotiations with the European Union (EU) to replace the existing trade agreement governing trading relations between the EU and the ACP (the Cotonou Agreement)1 with new trade agreements to be called Economic Partnership Agreements (EPAs).2 The negotiations became necessary because of the demand within the World Trade Organization (WTO) for members to revise their trading arrangements to comply with the WTO principle of reciprocity.3 Under the Cotonou Agreement of 2000, the EU extended unilateral trade preferences to ACP countries,4 which some members of the WTO successfully challenged5 as violating the principle of reciprocity,6 hence the need to replace LLB (Hons), University of Ghana, Legon, Ghana; LLM, Temple University School of Law, Philadelphia, Pennsylvania; JSD, Stanford Law School, Stanford, California; Professor of Law, Cumberland School of Law of Samford University, Birmingham, Alabama. 1 The text of the Cotonou Agreement can be found at http://www.acpsec.org/en/conventions/ cotonou/accord1.htm (accessed 12 December 2011). 2 The Economic Partnership Agreements envisage the creation of free trade areas between the EU and ACP regions. 3 Under the principle of reciprocity, when one party to a trade agreement makes a

Journal

African Journal of International and Comparative Law – Edinburgh University Press

Published: Oct 1, 2012

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