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The EPAs with sub-Saharan African countries and other EU free trade agreements with North African countries are building blocks that contribute to the African Continental Free Trade Area (AfCFTA) and the long-term prospect of a free trade agreement between continents. The EPAs already contain useful trade instruments for the construction of the AfCFTA. They provide a solid framework for regional trade and investment between the EPA partners themselves and with the EU. They also strengthen the trading capacity of the EU`s partners. The South Centre is publishing a new policy brief series, focusing on international investment agreements and the experience of developing countries. Economic Partnership Agreements are intense alliances, signed by two or more countries, that provide for reciprocal economic integration and participation. The agreements were concluded at the beginning of the 21st Nations in Europe, Asia, Africa and the Pacific are joining forces to survive and compete in today`s turbulent international economic environment. The agreements provide a framework for cooperation and not competition between geographically distant economies. An agreement between a stronger economy and a weaker economy should stimulate the economic development of the weaker nation, while bringing real benefits to the strongest. They aim to maintain peace among nations in different parts of the world and to improve the standard of living of families in less developed countries.

Free trade agreements, such as the North American Free Trade Agreement, provide for duty-free trade in goods and services between nations and the removal of other barriers to trade. Economic Partnership Agreements contain the same provisions as a free trade agreement, but go beyond free trade agreements. In addition to free trade, the EPAs provide for the free movement of persons and contain provisions on public procurement, international competition and cooperation, customs procedures and international dispute settlement. The Economic Partnership Agreements are a programme for the creation of a free trade area (FTA) between the European Union and the African, Caribbean and Pacific (ACP) Group of States. They respond to persistent criticism that the EU`s proposed non-reciprocal and discriminatory preferential agreements are WTO-inconsistent. The EPAs date back to the signing of the Cotonou Agreement. The EPAs with the different regions are in different scores. In 2016, EPAs were to be signed with three African regional economic communities (East African Community, Economic Community of West African States and Southern African Development Community), but which faced challenges.

[1] [to be updated] The overall objective of the EPAs is to contribute to sustainable economic growth and poverty reduction in ACP countries through trade. . . .

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