Lome Convention


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Lome Convention

A former agreement between the European Community and 71 developing countries allowing for the duty-free export of most goods to Europe, provided they did not compete with European goods. It also increased foreign aid to the developing countries. Most developing participants were former British, Belgian, Dutch or French colonies. The Lome Convention came into effect in 1976 and was renegotiated a number of times before the World Trade Organization ruled it anti-competitive in 1995. In 2000, it was replaced by the Cotonou Agreement.
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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.
I remember my boss asked Barre if he minded that the new Lome Convention might have a civil rights clause.
The minister said Europe has to resume support to development projects in Sudan within the framework of Lome convention between the European Community (EC) and 71 African, Caribbean, and Pacific (ACP) countries.
The European Union (EU) and the 76 members of the African, Caribbean and Pacific (ACP) group of states are currently re-negotiating trade agreements that will define their future commercial relations now that the policy of preferential access to European markets that began with the Lome Convention in 1976 has finally come to an end.
Despite two decades of preferential access to European union (EU) markets granted to ACP countries under the Lome convention, their export performance has not improved substantially.
Such a waiver would permit the preferential market access arrangements granted under the fourth Lome Convention (which expired in February 2000) to continue under the new ACP-EU Partnership Agreement.
The CDE is financed by the European Development Fund (EDF) under the Lome Convention office.
It supplants the 1975 Lome Convention and aims to alleviate poverty and promote sustainable development and the integration of the ACP countries into the world economy.
Since the Lome Convention of 1976, Caribbean banana producers enjoyed secure preferential markets for their produce.
Whereas Fiji used to enjoy preferential market access and subsidized prices for decades due to the Lome Convention and Cotonou Agreement, the industry will soon be forced to compete with the likes of Brazil and Australia, as the World Trade Organization has deemed the preferential prices are unlawful under the rules of free trade.
Aznar sponsored and masterminded the European Union Common Position on Cuba (La Posicion Comun); he became the standardbearer of Cuban dissidents in Europe, and the main opponent to Cuba's closer association to the Lome Convention and its potential benefits.