Download PDF by World Bank, Economic Development Institute (Washington,: Africa and the European community after 1992

By World Bank, Economic Development Institute (Washington, D.C.)

ISBN-10: 0821323687

ISBN-13: 9780821323687

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Extra info for Africa and the European community after 1992

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Finally, nontariff barriers are applied. The Community subscribes to various codes of conduct in relation to subsidies, dumping and unfair trade practices, customs valuation, and government procurement as laid down in successive GATT negotiations. Following the Tokyo Round, for example, the Community adopted the new Anti-Dumping Code, operational in Community law since 1980. Under this code, a protective response is permitted only when the dumping threatens to cause, or actually causes, "material injury" to an industry.

The implications of these efforts are a particular concern for Sub-Saharan Africa and for the Maghreb countries. This collection of papers was prepared for a senior policy seminar organized by the Economic Development Institute of the World Bank entitled Africa and Europe 1993 and held at Dublin Castle from November 27-30, 1989. The seminar was attended by twenty-five senior officials from the Maghreb countries and Sub-Saharan Africa, four senior EC officials, and three World Bank officials. The seminar was chaired by the Honorable Garrett FitzGerald, former Prime Minister of Ireland, and a leading figure in Lomé I, which defined the relationship between the EC and Sub-Saharan Africa.

High growth rates would translate into increased imports from Africa, particularly of primary products, but also of some manufactures. A rapidly growing EC would be more likely to afford African governments the debt relief that they need. Page xi 11. Cheap Capital Goods. 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.

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Africa and the European community after 1992 by World Bank, Economic Development Institute (Washington, D.C.)


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