Guyana to Sign EPA
The economic partnership agreement is now a done deal and Guyana will join the deal in matter of days after raising several concerns and initially holding out that the country wouldn’t sign. 14 caricom member states and the Dominican republic affixed their signatures to the new trading pact with the European union this morning bringing a close to years of negotiations and the opening up of new markets for the region.
Though Guyana has indicated that it will sign the agreement, it was absent from today’s Bridgetown signing which was attended by caricom foreign ministers along with EU and Caricom and Cariforum officials.
at the signing ceremony, European Commission Vice-president Siim Kallas said he believes the agreement marks a new era in EU-Caribbean economic relations. He stated that the EPA puts the Caribbean firmly on the map for trade and investment.
According to the European commission the agreement is a binding international one that fully complies with World Trade Organisaton rules and provides security for Caribbean traders and investors.
The deal includes chapters on trade in goods; trade in services; investment; competition; innovation and Intellectual Property, public procurement and development aid.