Uganda Trade Agreements
The EU recently published a detailed review of „the impact of EU trade agreements on the agricultural sector.“ The document is published, in its own words, in a context of growing protectionism within the EU and its main trading partners. With an in-depth review of some of the EU`s key free trade agreements, the report aims to support the debate on the pros and cons of trade liberalization. The report complements these relatively intuitive observations with fairly comprehensive data and case studies. For example, agricultural trade between the EU and Mexico has continued to grow throughout the free trade agreement, but outside the high-end market, for example, French wine exporters have not increased their market share. One reason is that the common language and historical and cultural ties with Spain, Chile and Argentina are more compatible with Mexican consumers in terms of marketing and preferences. The other is access to distribution channels. French exporters are relatively small and fragmented compared, for example, to large Australian exporters, so they have not been able to market and distribute as effectively in Mexico. For more information on Uganda`s trade, click here: The EU-EAC EPA covers trade in goods and development cooperation. It also contains a chapter on fisheries, which focuses on strengthening cooperation on sustainable use of resources. The agreement provides for continued negotiations on services and trade rules in the future. The final point is that the Commission is showing a realistic assessment of the benefits and limitations of free trade agreements when it asks the following question: „The central question of this study is: are trade agreements trade or is the EU just making trade-and-trade agreements anyway?“ It was hoped that the law would boost production in one`s own country, boost employment and improve people`s livelihoods.
Agoa`s architects argued that trade, not aid, could fight poverty on the continent. In this context, although the report deals broadly with agricultural trade, it focuses on three specific EU free trade agreements with Mexico (2000), Switzerland (2002 and 2005) and South Korea (2011). Mexico is one of the earlier, more fundamental free trade agreements focused on reducing tariffs and quotas. Switzerland, the largest neighbouring trading partner for food and agricultural products. And South Korea, one of the EU`s most ambitious and comprehensive free trade agreements. Erin Truhler, head of information for the Department of Public Diplomacy at the U.S. mission in Uganda, said the countries that benefited the most from the program were „those that have done the most to create an attractive business environment, both for foreign investors and for domestic companies, by encouraging investment and trade.“ Article 5 All payments related to trade between the two countries are made in sterling or in any other freely convertible currency, unless the parties agree otherwise. The agreement is in line with the common external tariff of the ABC.
It prohibits unjustified or discriminatory restrictions on imports and exports. This helps ensure that ABCAs work to reduce non-tariff barriers to intra-CEAC trade. Examines key economic indicators and trade statistics on the countries that dominate the market, the United States.