Overview of the regional EPA negotiations: Caribbean-EU Economic Partnership Agreement
The purpose of this InBrief series is to provide a synthesis of the main elements and issues at stake for the 6 African, Caribbean, and Pacific (ACP) groupings negotiating an Economic Partnership Agreement (EPA) with the European Union (EU). Each InBrief offers an overview of the economic and regional integration dynamics influencing the structure, pace, and outcome of the EPA negotiation process for each region. It also focuses on the main issues and challenges to be tackled by each region in order to make the new trade arrangement a development oriented instrument. Each regional InBrief is complemented by an update on the ongoing EPA negotiation process.
The Caribbean region is composed of many small islands that are greatly dependent on trade for their economic development. In 1999, the share of trade in the region’s gross domestic product (GDP) amounted to 80%, compared to 49% for sub-Saharan Africa and 46% for the world on average.