What is Post Cotonou Agreement?
The Post-Cotonou Agreement is a legally binding treaty which, is expected to shape political, social and economic relations between 106 countries across four continents.
What type of agreements does the EU have with African nations under the Cotonou Agreement?
Since the First Lomé Convention in 1975, the EU has granted non-reciprocal trade preferences to ACP countries. Under the Cotonou Agreement, however, this system was replaced by the Economic Partnership Agreements (EPAs), a new scheme that took effect in 2008.
How does the Cotonou Agreement work?
The Cotonou Agreement establishes a procedure which may be used in cases where one of the parties does not comply with the essential elements of the partnership. These include respect for human rights, democratic principles and the rule of law.
Is Cotonou a country?
Cotonou is the economic hub of Benin and is the country’s largest urban centre. Its industries include brewing, textile production, and palm-oil processing. The country’s president and most government ministers reside in Cotonou. The National University of Benin (1970) is also located in the city.
What is Article 50 of the Treaty on European Union?
Withdrawal from the European Union is the legal and political process whereby an EU member state ceases to be a member of the Union. Article 50 of the Treaty on European Union (TEU) states that “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”.
What partnership agreement means?
A partnership agreement is the legal document that dictates the way a business is run and details the relationship between each partner.
Why do countries join economic unions?
Purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. Economic union is established through trade pact.
Who formed ACP?
the Georgetown Agreement
The African, Caribbean and Pacific group of states, abbreviated as ACP, is an organisation created by the Georgetown Agreement in 1975. Except for Cuba, all ACP countries are signatories to a partnership agreement with the European Union (EU) known as the Cotonou Agreement.