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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97) In addition, the Lome Agreement provided that Foday Sankoh would serve as the chairperson of the Commission for the Management of Strategic Resources, National Reconstruction and Development (CMRRD), which was vested with the power to monitor the management and exploitation of Sierra Leone's gold, diamonds and other strategic resources.
The Council dismissed the amnesty provision in the Lome Agreement, noting that "the special representative of the secretary general appended his signature (as a moral guarantor to the Agreement) a statement that the United Nations holds the understanding that the amnesty provisions of the agreement shall not apply to international crimes of genocide, crimes against humanity, war crimes and other serious violations of international humanitarian law.
But the EU defends its proposal, arguing that arrangements under the old Lome agreement are not compatible with World Trade Organisation (WTO) rules and therefore need to be renegotiated.
1999 The Lome Agreement -- ceasefire; RUF to become political party; creation of Government of National Unity; amnesty for members of RUF; DDR; Commission for Management of Strategic Resources (diamonds); release of prisoners; Council of riders to mediate disputes; commitment to human rights and protection of children; funds to pay ex-fighters to help them settle into civilian life.
4) Unfortunately, fighting broke out again in May 2000, the RUF/SL leader who signed the Lome agreement, Corporal Foday Sankoh, was subsequently imprisoned, and many of the operational or administrative bodies that were to be established by the Lome agreement never fully developed.
The Honorable Timothy Lewin, chief executive of London trade finance and counter-trade specialists Financial Research Associates points out that the EC's Stabex fund, which was created to help stabilize the earnings of members of the Lome Agreement will now need to make up the difference, and "it's going to cost an awful lot of money" to meet obligations to those former colonies.
He also signed undertakings before honourable people like yourself and other guarantors in Lome which he has abandoned by establishing the Special Court against the expressed terms of the Lome Agreement (signed not by me) but I am now being held responsible because you, my Grandpa, whom I believed and trusted, convinced me to take up the leadership of the RUF which I never opted for nor contested.
He then turns his attention to various international trade agreements including the WTO and preferential trade agreements such as those afforded by the European Union through the Lome agreement and its successor, the Contonou agreement - as well as the US through the African Growth and Opportunity Act (AGOA).
The Lome agreement will terminate early in he year 2000, but all indications are that provision will be made for a transitional period of five years, and that existing trade provisions will be maintained during this period.
The paper wonders whether the Lome agreement, signed 22 years ago with a diverse number of former European colonies, should not now be split into specific pacts, for example with the Southern African Development Community or the West African Economic and Monetary Union.