Lome - trade

Question 1

Since 1975 what has the Lome convention been?

Answer 1

Been EU’s comprehensive trade and aid agreement with developing countries in Africa, the Caribbean and the Pacific

Question 2

What is Lome the capital of?

Answer 2

Togo

Question 3

What has reduced the once significant benefits of Lome?

Answer 3

Globalisation and free trade

Question 4

When did negotiations for a new agreement?

Answer 4

September 1998

Question 5

What is the EU’s favoured option for the new agreement?

Answer 5

Create a series of regional free-trade areas linking the Union with groups of developing countries

Question 6

What is the Lome convention?

Answer 6

Is an agreement linking the 15 member states of the EU to the 71 member African, Caribbean and Pacific group of states, the so called ACP states

Question 7

What countries belong in the ACP category?

Answer 7

48 in Africa
15 in the Caribbean
8 in the Pacific
(All Europe’s former colonies)

Question 8

How poor are many of the ACP states?

Answer 8

Of the 50 countries identified by the UN as the world’s poorest, 41 are in the ACP group

Question 9

What 2 components was Lome split into?

Answer 9

Aid and trade

Question 10

Between 1996-2000 how much financial aid was given?

Answer 10

14.7 billion ECU (one ECU worth about 65p)

Question 11

What is one distinguishing feature of the union’s aid programme?

Answer 11

Concentrates more than others on agricultural and rural development projects, which constitute more than 50% of total expenditure

Question 12

How is aid distributed?

Answer 12

Evenly between recipient countries

Question 13

Compared to the USA and Japan what is Lome aid programme considered to be?

Answer 13

Less concerned with strategic and commercial interests and more focused on development

Question 14

What does the union support?

Answer 14

Supports organisations and development projects with a regional dimension, like transport networks or electricity grids that operate between two or more countries

Question 15

What does Lome garuntee for trade?

Answer 15

Special access to the European market place

Question 16

What dies special access to European markets mean for ACP countries?

Answer 16

Taxes in the forms of tariffs, paid by American, Japanese and other exporters when they send goods to Europe aren’t paid by ACP exporters

Question 17

In 1999 what were ACP exports like?

Answer 17

100% of ACP industrial exports and almost 80% of agricultural products entered EU market without having to pay any tariff

Question 18

What does the non-reciprocal character of the agreement mean?

Answer 18

Although ACP exporters don’t have to pay tariffs on goods entering Europe, they are allowed to tax European made products entering their countries

Question 19

How successful had Lome been in the east 15-20 years/

Answer 19

Suggests that Lome trade preferences have not acted as a great stimulus to ACP exporters

Question 20

In 1983 what % of EU imports came from ACP states?

Answer 20

6.5%

Question 21

In 1994 what % of EU imports came from ACP states?

Answer 21

3%