Lome Agreement

… agreements collectively known as the Lomé Conventions, which guaranteed preferential access to the European Economic Community (forerunners of the European Community and then of the European Union) for various export products from African countries and which provided aid and financing of European investments. Nevertheless, a major export trade has developed with the United States… Several major peaks; The first Lomé Convention was signed there in 1975, establishing an aid and exchange agreement between the countries of Africa, the Caribbean and the Pacific (ACP) and the European Union. Pop. (2010 prelim.) 750.757; Urban agglom., 1.348.619. Five generations of ACP-CE agreements The new partnership agreement between the 15 Member States of the European Union (EU) and the African, Caribbean and Pacific (ACP) states marks five generations of agreements between sovereign ACP states. It is the most important financial and political framework in the world for North-South cooperation. This particular partnership is characterized by its non-reciprocal trade advantages for ACP countries, including the unlimited entry into the market of 99% of industrial products and many other products, particularly for the least developed countries (LDCs), which are in the ACP 39 group. In addition, aid envelopes for each ACP country and region are regularly updated. One of the unique features of the ACP-CE agreement is the dialogue and joint management of its content by the Community and the ACP states.

ACP states are free to submit applications negotiated with the COMMUNITY. Institutions provide ongoing dialogue; an annual ACP/EU Council of Ministers, periodic meetings of the Acp Ambassadors Committee, which receives technical assistance from a permanent ACP secretariat based in Brussels. Acp parliamentarians and members of the European Parliament meet twice a year in a joint assembly where partnership issues are discussed. A “national indicative programme” (PIN) is negotiated between the European Commission and an ACP state and sets development targets, particularly in primary or health education. B and includes an annual spending commitment for each country, tailored to these needs. The PMI is funded by the European Development Fund (EDF), the financial protocol for each agreement to which EU Member States contribute. Traditionally, the EDF allocates funds to regional cooperation, other EU overseas countries and territories (PTOM), humanitarian aid and emergency aid, and non-governmental organisations. Additional loans from the European Investment Bank (EIB), particularly for infrastructure, have also become a feature of cooperation.

Lomé`s much-loved partnership is based on a body of common objectives and principles, as well as the commercial and financial advantages that are granted over hours to become Lomé`s achievement. Nevertheless, the partnership with an ever-changing international environment has kept pace to best meet the needs of ACP countries. The ACP-CE cooperation in Lomé dates back to the creation in 1957 of the Treaty of Rome establishing the European Economic Community, which expresses solidarity with overseas colonies and countries and territories and expresses a commitment to contribute to their prosperity.


Related posts