Pačesný J., Verner V., Jeníček V.
Abstract
The ACP countries and the European Union agreed “to conclude new WTO-compatible trading arrangements,
removing barriers to trade between them progressively and enhancing co-operation in all areas relevant to trade”.
To this end, they agreed to negotiate “Economic Partnership Agreements (EPAs)” between them. The primary
building block of EPAs is the establishment of a free trade area, which progressively abolishes substantially all
tariffs between the Parties, as well as all non-tariff measures, such as quotas and measures having equivalent effect
Key words:
African Caribbean Pacific group of states, European Union, Economic Partnership Agreements, trade
regime, free trade area, least developed countries