Ghana signs interim economic partnership agreement with the EU
The Cabinet and Parliament are expected to endorse the agreement, this week, to give it the necessary legal backing. The agreement will ensure that businesses and industries in Ghana can export to the EU market quota-free and without paying for any duties on their products.
Companies in the EU in return can also export goods and services to the Ghanaian market, quota-free, duty-free.
Some industry watchers see the agreement as an extension of the interim Economic Partnership Agreement that was initiated by the President J.A. Kuffour in 2007.
This is to ensure that Ghana’s exports to the EU market, one of the countries, biggest trading partners, are not disrupted, whiles it waits for the West African Economic Partnership Agreement to be fully implemented by all the 16 member country. ■