5 countries sign Economic Partnership Agreement

THE Council of Trade Ministers of Eastern and Southern Africa (ESA) is concerned that only five out of 11 of its member states, which Zambia is a member, have signed an interim Economic Partnership Agreement (EPA) with the European Union (EU) to support regional economic integration.

In 2003, the regional body agreed to negotiate a partnership agreement with EU to enhance competitiveness and economic performance as well as promote value chains.

According to a statement availed to the Daily Mail, the EPA agreement is expected to lead to meaningful economic transformation in individual countries and as a region in a bid to integrate fully into the global economy.
The five countries that have signed are Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe while Zambia, Djibouti, Eritrea, Malawi, Madagascar and Sudan are yet to..

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