Arbeitspapier

The institutional challenge of the ACP/EU Economic Partnership Agreements

The Economic Partnership Agreements (EPAs) between the group of African, Caribbean and Pacific (ACP) countries and the European Union could serve as an opportunity to accelerate global and regional trade integration of ACP countries. Moreover, the European Commission intends to use EPAs as a tool for development and the eradication of poverty in ACP countries. To achieve their potential development, however, there are a number of preconditions in ACP countries to be fulfilled. This paper argues that institutional quality plays a key role in a successful trade liberalisation. In fact, only countries with high-quality institutions, partly in the form of good government regulations, are likely to benefit from trade. nfortunately, the vast majority of African ACP countries have excessive regulations that hinder them from taking advantage of trade. For the necessary institutional reforms to resolve this problem, we will discuss a number of important issues that have to be addressed to enable ACP countries to take full advantage of EPAs.

Language
Englisch

Bibliographic citation
Series: HWWI Research Paper ; No. 2-3

Classification
Wirtschaft
Economic Integration
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
Subject
Economic Partnership Agreements
Trade, Institutional Quality

Event
Geistige Schöpfung
(who)
Borrmann, Axel
Busse, Matthias
Event
Veröffentlichung
(who)
Hamburgisches WeltWirtschaftsInstitut (HWWI)
(where)
Hamburg
(when)
2006

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Borrmann, Axel
  • Busse, Matthias
  • Hamburgisches WeltWirtschaftsInstitut (HWWI)

Time of origin

  • 2006

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