A case study on economic partnership agreements by kingsley ofeinkansah141 photo. Examples of partnership business companies in ghana. Double taxation agreement dta is an agreement between two countries that a person living in one country shall not be taxed in both countries on the income earned in the other country. The economic partnership agreement epa between ghana and. Ecowas economic partnership agreement with the eu and. This is an important difference compared to the eba scheme which is granted, and not negotiated, by the eu and favours longterm planning and investment for development. Ghana stands to gain a lot from the economic partnership agreement epa signed between ghana and the european union and the vice president of the country, h. This paper is specifically about providing suggestions for positions the au can take visavis the european unions economic partnership agreements epas. This study aims to enhance the debate by presenting an intuitive and datadriven technical perspective on the likely effects of the cet and the epa. Economic partnership agreements on selected african countries.
The eu trade search engine looks up documents in pdf format archived on the. Any assignment under this section which is approved by the general partners shall not cause the dissolution of the partnership. The interim economic partnership agreements between the eu and african states contents, challenges and prospects edited by sanoussi bilal and christopher stevens. Economic partnership agreements the case of nigeria. Within ecowas ghana is nigerias largest trading partner, accounting for around 1% of total trade. Africa, caribbean, pacific documents archive trade european. Full list of the countries ghana has signed double. Zimbabwe implementing the interim economic and partnership agreement met.
Ghana has signed tax treaties, commonly referred to as double taxation agreements with 11 countries. In addition to the cet, ghana faces the economic partnership agreement epa with the european union, which has been designed to build on the cet in west africa. Key features of economic partnership agreements according to cotonou. Ghana national trade policy and economic partnership. Oer africa most african countries have realized the importance of private investment and are experimenting with private sector partnerships for the construction, maintenance, andor operation of capital intensive projects. A lot has been said and written about the economic partnership agreement epa being tabled by the eu for 98 african, caribbean and pacific acp countries to sign.
Economic growth and development economic growth rate is the rate of change in real income or real output. Economic partnership agreement with west africafacts and. Economic partnership agreement with west africa facts and figures west africa1 and the european union eu concluded in february 2014 the negotiations for an economic partnership agreement epa. This agreement may only be amended by the written agreement of all partners. August 2011 5 foreword the european union eu and regions composed of african, caribbean and pacific acp countries have been negotiating economic partnership agreements epas for ten years now, with varying levels of progress. A case for reform of the partnership law in ghana by justice anthony kwadwo yeboah, justice of high court, ghana 2011 abstract the thesis to be developed in this writeup is that the legal landscape in ghana is not conducive to the development of the contractual relationship and business of partnership. Assessing the economic impact of the ecowas cet and. Central is an urgent call for member states to give the au latitude to ensure that the conclusion of epas with the eu is postponed until, at least, the next decade. The emergence of large fiscal and external imbalances in recent years, which led to a slowdown in growth, is putting ghanas mediumterm prospects at risk. Pdf in december 2007, ghana and the eu initialled the interim economic partnership agreement iepa, which provides a framework for trade. The economic partnership agreements between the european. Ghanas egovernment publicprivate partnership and the. Ghana had made a number of commitments to liberalise services, and has to consider a number of requests. The economic and social effects of the economic partnership.
Ghana is currently the 77th largest export market for u. The cotonou agreement, coming into force in 2000, envisaged the creation of reciprocal trade agreements between the eu and regional blocks of acp countries by establishing so called epas economic partnership agreements. Benefiting consumers and workers in europe epas dont just benefit for people and communities in acp countries. I am by no means an expert on epa issues but from the little i know about the epa, my strong opinion is that ghana should not sign the epa even if the terms are acceptable to the. According to the official figures, intraregional trading has traditionally been weak. The ghanaian government has also liberalised some services sectors through domestic legislation. Economic partnership agreements in the interest of only eu. Epol this report serves as a background study for the world bankspolicy note on long run growth in. Ghana request for a threeyear arrangement under the extended credit facility executive summary context. Ghana growth and development platform working paper 2 july 29, 2014 the economic partnership agreement epa between ghana and the. The stepping stone economic partnership agreement epa between the european union and ghana was signed on 28 july 2016, and has been provisionally applied since 15. Ghana is in the process of developing the relevant systems to.
As of june 2016, the economic partnership agreements epas have been concluded but not signed and ratified in three african regions, namely the east african community, the southern african development community and western africa. Economic growth is a sustained increase in a countrys national income or output due to an increase in the countrys production. Examples of partnership business companies in ghana including accra, and more. The epa with ghana was signed on 28 july 2016, ratified on 3 august 2016 by the ghanaian parliament and approved by the european parliament on 1. Ghana has double taxation agreements with 11 countries by.
Impact assessment for the eughana economic partnership. The vpa between ghana and eu was signed in a ceremony in brussels on november 20, 2009. The agreement, according to them, will enable ghana to benefit from significantly improved market access to the eu. The cotonou agreement 2014 signed in cotonou on 23 june 2000. Act 663, company, ghana, goods, public procurement act 2003. With this 2005 version of ghanas poverty reduction strategy papers, the nation is called upon to define anew the programmes of national development that it wishes to pursue in support of its current social and political aspirations. This paper investigates ghanaeu trade under the new economic partnership agreement epa. This interim agreement allowed ghana to avoid any disruption of its exports to the eu after 1 january 2008 end date of the trade provisions of the cotonou ghana, trade with the eu 20082012 year 20082,119 25. Grant and implementation agreement by and between mcc.
In 2010, ghana started discussions with iran for a tax treaty. The economic partnership agreement between ghana and the. Ghanaian exports of cocoa products to the eu 20002015. The interim economic partnership agreements between the. In the epa negotiations, the eu is demanding that services liberalisation be part of the trade agreement with ecowas. Ghana is committed to entering into dtas with interested countries with the ultimate objective of freeing investment capital and thereby securing the investment. How safe is ghana under economic partnership agreements. Article ten this agreement will become effective on the date of its signature and will remain effective unless terminated by mutual consent of the parties or by either party upon six months written notice to the other party.
By providing this longterm market access, for instance for manufactured or processed products, with local value addition, the epa sets incentives for new investments and job creation in ghana. Where they have succeeded, as with ghanas egovernment publicprivate partnership ppp, results benefit the entire society. If the eu successfully foists epas on a critical number of member. The economic partnership agreement between ghana and the european union. Economic growth, natural resources, oil production, panel growth models, ghana, subsaharan africa. Thus the formal title of this agreement remains the partnership agreement between the members of the african, caribbean and pacific group of states of the one part, and the european community and its member states of the other part. Last year, ghana ratified the interim economic partnership agreement which subsequently entered into force on december 15, 2016 following its ratification by the european union parliament. These countries are the united kingdom, france, belgium, the netherlands, germany, south africa, italy, switzerland, denmark and very recently, with mauritius, and the czech republic. Economic partnership agreements and african regional. How can the epa help ghanas sustainable development. Nwoke head, division of international economic relations. World bank figures from 2000 record only 11% of intraecowas trade with nigeria trading only 6% of exports with other ecowas members, mainly ghana and ivory coast. Agreement will be resolved through consultations and negotiations.
Abstract this paper offers a simple way to assess the impact on the economy of nigeria of an economic partnership agreement epa between the ecowas countries and the european union eu, based on the market access offer contained in the negotiation proposals in early 2014 with the following key elements. The deal is a major achievement from a trade and development point of view. Economic partnership agreement what ghana stands to. The governments efforts to achieve fiscal consolidation since mid20 have been. In december 2007, ghana and the eu initialled the interim economic partnership. The economic partnership agreement epa between the european union eu and african, caribbean and. Income sources the chargeable income of a person for any year of assessment is the total of that persons income for the year from each business, employment, and investment less the total amount of. Ghana national trade policy and economic partnership agreements by nancy kachingwe political economy unit twnafrica 1 economic partnership agreements or free trade areas are currently being negotiated between the european union and the different subregions of.
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