1887

ACP-EU Co-operation

Private Sector Development and Investment

image of ACP-EU Co-operation

This paper considers the Draft Communication on Future EC Support for Private Sector Development in ACP countries (DraCom), prepared by the European Commission (EC)(DG VIII), in light of the ACP Group Negotiating Mandate (GNM) of 30/9/98, and seeks to identify any areas of divergence between the two positions, or proposals by either side requiring further clarification and discussion, and to provide commentary for negotiators to consider. The paper also makes a number of suggestions for the preparation of an agreed action plan for enhanced, private-sector led development in the ACP countries, and of specific initiatives within the plan.

English

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Observations and Conclusions

DraCom is right to see the PS as the main driver of economic growth, and to aim at a coherent and integrated strategy for its support. It is strong on concepts, but less precise on practicalities. The EC proposals need to be made more concrete, more specific, and more action oriented. ACP should press for an action plan to be worked out and costed at the start of negotiations

English

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