Lome Convention


Also found in: Legal.

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.
Mentioned in ?
References in periodicals archive ?
(106) As trade was diverted from non-associated countries to those associated with the Yaounde Conventions, the trade concessions did not necessarily aid the formerly colonialized countries, as "EEC imports declined from 5.6 percent to 4.2 percent." (107) When the United Kingdom began participating in the EEC trade regime, the EEC eventually expanded its membership during the Lome Convention to include former British colonies from Africa and the Caribbean in 1975.
It accorded ACP partners enhanced preferential treatment in comparison to the Lome Conventions. Cotonou will remain valid until 2020.7 According to an analyst the Lome Conventions had strong elements of intergovernmentalism for they were strongly supported by France and the UK.
The relations of these countries with the EU were previously organized within the successive Lome Conventions (I-IV).
Central to the origin of the Anglo-French Caribbean rum rivalry is an understanding of the Lome Convention, which was first signed in February 1975.
I remember my boss asked Barre if he minded that the new Lome Convention might have a civil rights clause.
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.
These include the European Union's Lome Convention and the United States' Caribbean Basin Initiative (CBI), Andean Trade Preference Act (APTA), and U.S.
(20) ACP General Secreteriat, "On the Conclusion of the Successor Agreement to the Lome Convention", Press Release, http://carryon.one world.org/apcsec/gb/press/037900_e.htm3/25/00.
The CDE is financed by the European Development Fund (EDF) under the Lome Convention office.
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.