02.03.2016 Views

HORIZONS

Horizons-4%20June%202015

Horizons-4%20June%202015

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

5<br />

&<br />

beyond<br />

40years<br />

1975–2015<br />

African, Caribbean<br />

& Pacific<br />

1975–2015 Group of States<br />

Le Groupe des Etats<br />

d’Afrique, des Caraïbes<br />

et du Pacifique<br />

<strong>HORIZONS</strong> No 4 | June 2015<br />

African, Carribean<br />

& Pacific<br />

Group of States<br />

Burundi community dance at the ACP Day<br />

celebrations on 6 June 2014 in Brussels.<br />

< left<br />

Le Groupe des Etats<br />

d’Afrique, des Caraïbes<br />

et du Pacifique<br />

3 rd Summit of ACP Heads of State and<br />

Government in Nadi, Fiji in 2002.<br />

right ><br />

It allowed free entry of ACP goods into European markets,<br />

without having to reciprocate entry of European goods into<br />

the fledgling ACP markets. It also launched STABEX – an EDF<br />

scheme that compensated for losses in revenue from exports<br />

of products from the ACP countries to the EU as a result of<br />

fluctuations in prices on the global market. The renewal of the<br />

Convention in 1980 (Lomé II) for another five years, saw the<br />

addition of SYSMIN, a similar fund to STABEX, focused on<br />

supporting the mining sector.<br />

However, 10 years after the initial revolutionary agreement,<br />

harsh realities of international cooperation started to set in. In<br />

the third round of Lomé, administrative and political problems in<br />

some ACP governments witnessed the introduction of the idea of<br />

“policy dialogue” into the agreement.<br />

By Lomé IV, signed in 1990, there was a growing realisation<br />

that European aid had not done much to improve the state of<br />

ACP economies. Moreover, the post-Cold War European public<br />

appeared less interested than before in assisting poor countries.<br />

Despite difficult negotiations, the fourth Lomé Convention<br />

was signed for a period of 10 years, with a five-year mid-term<br />

review. This included a key chapter on human rights, along with<br />

stricter controls over the use of funds. This time, ACP countries<br />

that did not fulfill certain criteria linked to human rights, democratic<br />

principles and rule of law risked suspension of allocated EU<br />

funds.<br />

The 21 st century<br />

& the Cotonou Accord<br />

With the dawn of a new millennium, the global environment had<br />

changed dramatically. The World Trade Organisation, created in<br />

1995 set new rules for international trade, while a series of major<br />

UN summits in the 1990’s on environment, population, and<br />

human rights amongst others revised standards for development<br />

cooperation.<br />

Meanwhile, the ACP countries had gone through major<br />

challenges linked to democratisation and structural adjustment<br />

of its economies, while the European Community had enlarged to<br />

include Eastern European and Mediterranean members that did<br />

not have historical ties to ACP states.<br />

A paper published by the European Commission further noted<br />

some sobering facts: despite generous trade preferences, ACP<br />

countries’ share of the EU market had actually been halved, from<br />

6.7% in 1976 to 3% in 1998. Per capita GDP in sub-Saharan Africa<br />

grew by an average of only 0.4% per annum 1960-1992, compared<br />

with 2.3% for developing countries as a whole. Donor support<br />

dropped from 0.33% of donors’ GNP in 1988 to 0.23% in 1998.<br />

The partnership agreement signed in 2000 in Cotonou, Benin<br />

was therefore a watershed point in history. After strenuous negotiations,<br />

the new ACP-EU Partnership Agreement was signed by<br />

77 ACP countries and 15 EU member states, to last for a period of<br />

President Ali Bongo Ondimba of Gabon and President Teodoro Obiang Nguema<br />

Mbasogo of Equatorial Guinea at the 7 th ACP Summit.<br />

Prime Minister of the Cook Islands Hon. Henry Puna and President Yayi Boni of<br />

Benin at the 7 th ACP summit in Malabo, Equatorial Guinea.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!