Economic Partnership Agreement (EPA)

An Economic Partnership Agreement (EPA) is a type of trade agreement between countries aimed at promoting economic cooperation and development. It typically reduces or eliminates tariffs and other barriers to trade, facilitating easier exchange of goods and services. EPAs often include provisions for investment, services, and sustainable development. They are designed to enhance trade relationships, provide better market access for businesses, and foster economic growth while considering the needs of developing nations. Ultimately, EPAs aim to create a more integrated and mutually beneficial economic environment between the partner countries.