Browsing by Author "Bashura, Bereket"

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    The EU-ACP (African, Caribbean and Pacific) Economic Partnership Agreements and their Implications for Ethiopia
    (Addis Ababa University, 2010-01) Bashura, Bereket; Merso, Fikremerkos (PhD)
    The Cotonou Agreement foresees setting up free trade, Economic Partnership Agreements (EPAs), between the EU and regional ACP configurations. Consequently, the preferential system for ACP export products entering the EU market had to be replaced, beginning 1 January 2008, by a trade agreement based on reciprocity in a manner that is WTO compatible. Owing to the fact that most countries didn’t sign this agreement on the basis of the time table, it was not possible to put this agreement in to force and hence what is called the Interim Economic Partnership Agreement has been initialed and signed by various ACP countries to avoid trade disruption that may result from the expiry of the waiver from WTO in December 31, 2007. Ethiopia didn’t sign any of these agreements until today and have been negotiating to be party to it. But there have been divergence in wide range of issues, most of which are the major reasons for the country to involve in this negotiation, between the EU and Ethiopia. These specially include: the MFN provision, development cooperation, scope of liberalization, use of quantitative restriction, export tax, customs valuation agreement, loss of government revenue, competitiveness of Ethiopian products following liberalization, substantial adjustment costs the country will face, issues of regional integration and WTO+ issues in the negotiation. Understandably, all of these issues have their own very significant bearing on the market as well as overall economic activity of the country and hence it is quite essential to have clear and sound agreement that protects the best interest of the country on these issues.
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    The EU-ACP (African, Caribbean and Pacific) Economic Partnership Agreements and their Implications for Ethiopia
    (Addis Ababa University, 2011-01) Bashura, Bereket; Merso, Dr. Fikremerkos
    The Cotonou Agreement foresees setting up free trade, Economic Partnership Agreements (EPAs), between the EU and regional ACP configurations. Consequently, the preferential system for ACP export products entering the EU market had to be replaced, beginning 1 January 2008, by a trade agreement based on reciprocity in a manner that is WTO compatible. Owing to the fact that most countries didn’t sign this agreement on the basis of the time table, it was not possible to put this agreement in to force and hence what is called the Interim Economic Partnership Agreement has been initialed and signed by various ACP countries to avoid trade disruption that may result from the expiry of the waiver from WTO in December 31, 2007. Ethiopia didn’t sign any of these agreements until today and have been negotiating to be party to it. But there have been divergence in wide range of issues, most of which are the major reasons for the country to involve in this negotiation, between the EU and Ethiopia. These specially include: the MFN provision, development cooperation, scope of liberalization, use of quantitative restriction, export tax, customs valuation agreement, loss of government revenue, competitiveness of Ethiopian products following liberalization, substantial adjustment costs the country will face, issues of regional integration and WTO+ issues in the negotiation. Understandably, all of these issues have their own very significant bearing on the market as well as overall economic activity of the country and hence it is quite essential to have clear and sound agreement that protects the best interest of the country on these issues.
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    The EU-ACP (Mrican, Caribbean and Pacific) Economic Partnership Agreements and their Implications for Ethiopia
    (Addis Ababa University, 2010-01) Bashura, Bereket; Merso, Fikremerkos (PhD)
    The Cotonou AgreemenL foresees se lling up fr ee trade, Economic Pa rtnership AgreemenLs (EPAs), between t h e EU a nd regional ACP co nfigurations. Consequently, the preferential system for AC P export produ c ts entering the EU market had to be replaced, beginning 1 J a nuary 2008, by a trade ag reement base d on reciprocity 1ll a manner that is WTO compatible. Owing to the facL thaL m os t countries didn't sign th is agreement on the basis of the t im e table, it was not possible to put this agreeme nt in to forc e a nd h e n ce whaL is called th e In terim Economic Partne r s hip Agreemel1l h as been initialed and signed by various ACP countries to avo id trade disruption that may resu lt from the expiry of the waiver from WTO on De cembe r 31,2007. Ethiopia didn't s ign a n y o f th e s e agreements until today a nd has been n egotiating to be party to it. But the re have been divergence in w id e range of issues, m osL of w hi c h are the major r e a sons for th e country to involve in this n egot ia tion, between th e EU and E t hi opia. These speciall y in c lude: the MF'N provIsion, d eve lopment coo peration , scope of libera li zation , use o f quantitative restriction, export tax, customs valuation agree m e nt, loss o f government rev e nue, c ompe titiven e s s of Ethiopia n produc ts fo ll ow in g libera liz a tion, substantial adjustme nt costs the co untry wi ll fa ce, issu es o f r egion a l integr ation and WTO+ issues in the negotiation. Unde rstanda bly, a ll of these issues h ave their own very s ignificant bearing on th e m arket as we ll as overa ll economic activity of t h e c ountry and h ence it is qu ite essential to have c le ar and sound ag re e ment that protects the best in te rest of the cou n try on t h ese iss ues.