Economic Partnership Agreements (EPAs)

Economic Partnership Agreements (EPAs) are trade deals between the European Union and African, Caribbean, and Pacific countries. They are designed to promote economic growth by removing tariffs and other trade barriers, allowing goods and services to move more freely. EPAs aim to balance trade relations, protect local industries, and support development. While they encourage increased commerce, they also include rules on labor, environment, and sustainable development. Overall, EPAs seek to foster closer economic cooperation, boosting opportunities for businesses and consumers in partner countries.