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PostLomé WTOCompatible Trading Arrangements

image of PostLomé WTOCompatible Trading Arrangements

This report aims to stimulate a debate on the future of EU trade policy. It was written against a background of continuing uncertainty over a WTO waiver for the EUACP Cotonou Convention that would continue liberal access to the European market for ACP exports until 2007. Whilst it may have influenced the resolution of this issue, the immediate shortterm objective of the report was to help the ACP prepare for the start of negotiations on a postCotonou agreement (scheduled to begin in 2002 for completion by 2007); and in particular to set the agenda by seizing the intellectual high ground in the way that the European Commission was able to do during the final years of Lomé IV through the publication of its Green Paper.

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The EU's Trade Policy Hierarchy

The EU has managed over the years to fashion with some skill a quasi-foreign policy based on a limited range of Union-level instruments. Trade preferences have bulked large in the relationship with the South. The system that has grown up is particularly complex.

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