Joint committee on Ghana-EU begins work

The Ghanaian Trade Ministry, together with representatives of the European Union under the interim Economic Partnership Agreement (IEPA), have launched the EPA joint committee to enhance trade partnerships.

The twenty-member committee will be required -among other things- to adopt rules of procedure to ensure a ready market for goods, while implementing rules and regulations to enhance export between the two parties.

The Joint Economic Partnership Agreement provides duty-free and quota-free access to all Ghana's exports, agricultural or manufactured products to the EU market, while the country will gradually and partially liberalise imports from the EU.

Mr Carlos Ahenkorah, the Deputy Minister of Trade and Industry, said the importance of trade to the growth and development of any nation was critical because it had the potential of guaranteeing economic growth and lifting millions of people out of poverty.

A reports on the EU being the leading destination of Ghana‘s exports for traditional and non-traditional products such as cocoa, fruits, vegetables and processed fish, whilst also being the largest provider of development assistance and the biggest source of foreign direct investments.

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