A message from the EPA Coordinator
THANK YOU for this virtual visit! I am excited to welcome you to the best place to find information on the Economic Partnership Agreements (EPAs) signed by the Government of Saint Lucia. Here, you will discover new opportunities to establish and or expand your international footprint.
On this page, explore the CARIFORUM-European Union Economic Partnership Agreement (EPA), the CARIFORUM-United Kingdom Economic Partnership Agreement (EPA) and better understand the benefits that our citizens derive from international trade and economic growth.
Please do not hesitate to contact us if you have any questions or would like to know more about the EPAs.
e. lisa louis
Telephone: 758-468-4519; 758-285-7978
What are EPA's?
EPAs or Economic Partnership Agreements are a form of trade partnership, required by the Cotonou Agreement, which covers economic relations between the EU and African, Caribbean and Pacific (ACP) States. CARIFORUM, i.e. CARICOM plus the Dominican Republic, is one of six ACP regional groups.
How did the EPA come about?
Goods and services coming from ACP countries previously enjoyed preferential access to the European Union (EU) markets under the Lomé Agreement. However, with the onset of globalization and trade liberalization, and increasing opposition from member states of the World Trade Organization (WTO), the ACP countries and the EU agreed to develop new WTO-compatible trading arrangements, progressively removing barriers to trade between them and enhancing cooperation in all areas relevant to trade. These new arrangements would be termed Economic Partnership Agreements (EPAs) and fell under the new Cotonou Agreement, which defined economic relations between the EU and the ACP since 2000.