Lome Convention by cTwFyL

VIEWS: 52 PAGES: 13

									Lomé Convention

   Presented by:
  Rotasha Medford
    What is the Lomé Convention?
   The Lomé Convention is an
    international aid and trade
    agreement between the ACP (African
    Caribbean and Pacific Countries)
    group and the European Union aimed
    at supporting the ACP states' efforts
    to achieve comprehensive,
    independent and self-sustained
    development
         When did it happen?
    The first Convention (Lomé I) was
    signed on February 28, 1975 in
    Lome, Togo.
   Lomé II and III were signed in 1979
    and 1985 respectively.
   The present Convention , the Lomé
    IV covers the period from 1990 to
    2000.
Where?
Reasons for Lomé Conventions
   To provide privileged commercial
    access to ACP states for exports to
    the 15 nation European Union
    markets with guaranteed quotas for
    some major ACP products.
   To provide the ACP countries with
    compensation for their exports.
    Reasons for Lomé Convention
               cont’d
   Financial aid, provided in various
    forms by the EU as an entity as well
    as by the EU states individually and
    supplemented as required by
    emergency assistance.
                 Lomé IV
    The convention states that ACP
    cooperation is to be based on
    partnership, equality, camaraderie
    and mutual interest.
   The convention also acknowledges
    the idea of independence and the
    right of each ACP state to have its
    own strategies and policies of
    development.
            Lomé IV cont’d
   In 1994, Lomé IV went through a
    mid-term review which resulted in
    approval of the 8th environment
    development fund to cover the five
    year period between 1995-2000.
       Signatories(1990-1995)
   68 ACP countries
   12 EU Member-States.
       Signatories(1995-2000)
   70 ACP States
   15 EU Member Countries
       Areas of Co-operation
   The environment
   Agriculture: food security and rural
    development, including measures to
    combat drought and desertification
   Indebtedness and structural
    adjustment
Areas of Co-operation cont’d
   Commodities
   Industrial development
    (manufacturing and processing) in
    conjunction with the development of
    projects
   Mining and energy development
   The development of services,
    including tourism, transport,
    communication and data-processing
Areas of Co-operation cont’d
   Trade Development
   Cultural And Social Cooperation
   Regional Cooperation

								
To top