They agreed that the 79 ACP countries
and the 28 European Union Member States will push together for an ambitious agreement in Paris.
The state is a member of the ACP countries
- an international organization of 79 countries in Africa, the Caribbean and the Pacific.
Before the Cotonou Agreement was the 1975 Lome Convention, under which the EU granted "non-reciprocal" trade preferences to ACP countries
for the export of agricultural and mineral materials duty-free to Europe.
President Obiang said that the member countries of the community must work to provide a vision following 2020, the date on which the Cotonou Agreement regarding the association between ACP countries
and the European Community and its member states.
The visa waivers for nationals of the 16 ACP countries
, UAE, Colombia and Peru "shall apply from the date of entry into force of an agreement on visa exemption to be concluded with the European Union", said the statement.
Despite these advantages, majority of ACP countries
are still classified in the category of least developed countries on the planet, representing only 2 percent of the world GDP against 28 percent for the European Union and 7 percent for China.
The EPAs set out to help ACP countries
integrate into the world economy and share in the opportunities offered by globalisation.
Since 2002, the EU has been negotiating the EPAs with the ACP countries
as a fully reciprocal trade arrangement to replace the previous non-reciprocal, preferential trade access of ACP countries
to EU markets under the various Lome Conventions and the Cotonou Agreement governing the relationship between the ACP countries
and the EU.
Thematic domains covered by JRC in ACP countries
are diverse and comprise among others: soil, land-cover, biodiversity, forests, food security and rural development, rangelands, marine and coastal ecosystems, water management, land degradation and desertification, natural hazards (floods, fires), civil security and spatial data infrastructure.
can therefore source their yarns and fabrics from anywhere in the world, make the garment, then export easily to Europe.
A decision was made in early 2003 to update the PCM manual again, now referred to as the "2004 PCM Guidelines" (EC development cooperation for ACP countries
Although the expiry of this agreement would see the loss of the EU sugar subsidy for the ACP countries
, the EU has taken responsibility to provide development aid to assist ACP countries
with their transition through this period.