c. ononaiwu - the epa in a nutshell [otn]
Upload: economic-partnership-agreement-epa-implementation-unit-within-the-cariforum-directorate
Post on 05-Apr-2018
221 views
TRANSCRIPT
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
1/17
THE CARIFORUM-EU
ECONOMIC PARTNERSHIP
AGREEMENT
IN A NUTSHELL
Dr Chantal Ononaiwu, Trade Policy & Legal Specialistwww.crnm.org
Barbados Private Sector Trade Team Workshop Breaking theBarriers Down: Welcoming the Brands of Barbados
Conference Room of the BCCI/BEC, Barbados5 April 2012
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
2/17
INTRODUCTION
The Economic Partnership Agreement (EPA)
between the 15 CARIFORUM States and
the EU and its 27 Member States providesa comprehensive framework for trade and
investment and related cooperation
between the regions.
2
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
3/17
INTRODUCTION
The EPA is wide-ranging and covers: trade in goods trade in services, investment and e-commerce
trade-related issuescompetition policy, innovationand intellectual property, government procurement,labour, environment, personal data protection
Overviews of the EPA and key parts of theAgreement are readily accessible (see e.g.Guides by CRNM and Barbados EPAImplementation Unit)
3
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
4/17
INTRODUCTION
Focus of the presentation is on opportunities the EPAaffords Barbados manufacturers to develop their
businesses through trade, owing to:
Preferential access of CARIFORUM exports to the EU market
Cooperation on customs procedures and trade facilitation
Consultation and cooperation on SPS and TBT-related issues
Cooperation on promoting innovation and competitiveness ofCARIFORUM firms
Market access for investors establishing a commercialpresence
Temporary entry of business persons in the EU
4
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
5/17
Key Features
THE EPA5
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
6/17
Preferential Access of CARIFORUM
Exports to the EU Market
EPA provides for duty-free quota-free access for all
CARIFORUM products to the EU market (including
the French Caribbean Outermost Regions)
Rules of origin permit cumulation, i.e. goods canqualify as originating in the CARIFORUM States if
they incorporate materials from the CARIFORUM
States, EU Overseas Countries and Territories, other
ACP countries and neighbouring Latin American
countries
6
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
7/17
Preferential Access of CARIFORUM
Exports to the EU Market
Rules of origin afford Barbadian manufacturers
exporting to the EU scope to source inputs from
other countries (some of which have preferential
trade agreements with CARICOM)
Opportunities for investment from/partnerships with
firms seeking to capitalise on preferential access of
CARIFORUM goods to the EU market
7
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
8/17
Improving Customs Procedures and Trade
Facilitation in CARIFORUM States
EPA provides for technical cooperation and assistance on
modernisation of customs techniques
introduction of procedures and practices reflecting internationalstandards
automation of customs and trade procedures
Recognition of the need for the business community to beengaged in this process of reform
timely and regular dialogue with firms on legislative proposals
advance notification of new or amended legislation andprocedures
cooperation between firms and administrations, e.g. via MOUs
8
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
9/17
Improving Customs Procedures and Trade
Facilitation in CARIFORUM States
Potential to harness EPA-related assistance to
support governments initiatives to simplify and
modernise customs procedures, which can enhance
the trade environment and reduce business costs formanufacturers
Essential for the private sector proactively engage
in the reform process
9
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
10/17
Consultations and Cooperation on
SPS and TBT-related Issues
The EPA provides for:
Consultations between the Parties to solve specific SPS
problems or problems related to technical measures
that may affect CARIFORUM-EU trade Collaboration between the Parties to enable specific
products to meet technical regulations and standards
required to access the EU market
Cooperation to develop the capacity of CARIFORUMenterprises to meet regulatory and market
requirements in the EU
10
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
11/17
Promoting Innovation and Competitiveness
of CARIFORUM Firms
Specific emphasis on increasing the competitiveness ofthe agricultural, food and fisheries sectors throughinnovation, training and promotion of linkages
Provision for participation of CARIFORUM enterprises inthe EUs framework programmes
Provision for cooperation in the areas of
competitiveness and innovation
science and technology information society and ICT
Eco-innovation and renewable energy
11
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
12/17
Market Access for Investors
Barbados committed to grant market access to EU
investors establishing a commercial presence in
manufacturing (including through capital
participation in local enterprises) Barbadian investors wishing to set up a commercial
presence in the EU (including to provide related or
auxiliary services) also afforded access
12
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
13/17
Temporary Entry of Business
Persons
Provision for temporary entry of employees of
Barbadian firms setting up a commercial presence
in the EU to work in the commercial presence there
(business visitors, intra-corporate transfers, graduatetrainees)
Opportunities for Barbadian entrepreneurs to enter
the EU on a short-term basis for business purposes,
e.g. negotiating or concluding sales agreements,
market research, trade fairs, exhibitions
13
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
14/17
Harnessing the Opportunities of theEPA
14
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
15/17
Harnessing the Opportunities of the EPA
Manufacturers seeking to export to the EU must
enhance their understanding of the EU market
consumption profiles of EU Member States and
requirements for supplying goods to these markets Export-oriented manufacturers should develop
contacts and seek out market opportunities in the
EU, using facility for short term visitors for business
purposes
15
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
16/17
Harnessing the Opportunities of the EPA
Manufacturers looking to export to the EU should
explore viability of sourcing inputs from countries
covered by cumulation provisions of the Rules of
Origin Manufacturers and the BMA must work closely with
the EPA Implementation Unit, including to assess their
needs and those of the sector and submit requests
for technical assistance
16
-
8/2/2019 C. Ononaiwu - The EPA in a Nutshell [OTN]
17/17
17
THANK YOU
http://www.crnm.org/http://www.crnm.org/