By World Bank, Economic Development Institute (Washington, D.C.)
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Additional info for Africa and the European community after 1992
The following section summarizes the papers produced for the seminar. This is followed by a summary of the conclusions the seminar participants reached and their recommendations for the governments of Africa, for the EC, and for the World Bank. The Substance of the Seminar Papers Dermot McAleese, The External Trade Policies of the European Community This paper provides a good summary of major provisions of the EC's Common Commercial Policy. These provisions concern the rules that establish uniform tariffs and common adherence to trade agreements and to protection measures.
Despite this, differences in external trade regimes in the form of nontariff barriers continue to exist among member states, some without the commission's approval. Third, even when the commission has allocated individual member state quotas, such as in relation to the Multi-Fibre Agreements, this necessarily involves some disruption of the internal community market. With the passage of time, two trends are discernible. One trend is the commission's continuing efforts to centralize power over external relations policy in Brussels, and thereby make the CCP easier to adjust, quicker to implement, and more efficient overall.
Increased competitiveness within the EC would likely result in cheaper manufactured goods, particularly capital goods, and costs of services for Africa. Recommendations 12. Terms of Trade. Efforts should be made to slow down or to eliminate the deteriorating terms of trade between Africa and the EC. Part of the solution would be schemes that result in greater price stability of both imports and exports. 13. Interregional Communications. Africans need better access to current information on markets and technologies.