Cape Verde Economy - Development | Politics
Cape Verde-EU partnership agreement reached | Cape Verde PM José Maria Neves and EC President José Manuel Barroso | | © Governo de Cabo Verde | afrol News, 15 April - Cape Verde Prime Minister José Maria Neves held a high-level meeting in Brussels with European Commission leader José Manuel Barroso to finalise the last steps in negotiations about an Economic Partnership Agreement with the EU. Cape Verde is to benefit from new funding from the EU.
Prime Minister Neves was accompanied by Cape Verde's Foreign Minister José Brito, the National Director of Political Affairs and Cooperation and other senior diplomats from the archipelago. The mission on Tuesday met with the President of the European Commission to discuss and deepen a partnership agreement signed in Brussels last year, focusing on the issue of economic partnership, and also a mobility agreement.
Judging by the testimonies of participants in the meeting, the meeting was a success and achieved significant progress. Cape Verde is negotiating an economic partnership agreement with the European Union (EU) that will allow the West African archipelago to continue to enjoy favourable export conditions for its products to Europe.
Cape Verde until now has enjoyd the facilities granted to so-called least developed countries (LDCs), which exempts poor trade partners from customs duties for export to Europe.
But Cape Verde has seen a flamboyant economic development during the last decades, and a few years ago the UN redfined it as a middle income country, meaning that Cape Verde was to lose favourable LDC condition after a transitional period of three years. This period ends in December this year. The Cape Verdean government however hopes to extend the transition period for yet another year, and the Brussels meeting idicated its bid is being successful.
"We want to sign [the Economic Partnership Agreement] as soon as possible," stated Prime Minister Neves after the meeting. The new EU-Cape Verde agreement orginally should be reached within the regional framework of ECOWAS. But the LDC transition had complicated matters. Mr Neves said EU leader Barroso had been "aware and sensitive" on the matter, together seeking solutions or a smooth transition and a possibility to win time for Cape Verde.
Cape Verde has already achieved a special partnership agreement with the EU, handling both political and economic matters. With a separate Economic Partnership Agreement, Cape Verde further moves from ECOWAS towards the EU. After the LDC transition, Cape Verde aims at a deeper integration into the EU economy and market.
The Brussels meeting also addressed mobility and visa regulations. Cape Verdeans are about to obtain a special visa partnership with the European bloc. Mr Neves said that the Cape Verde-EU mobility partnership negotiations had seen "considerable progress," and he expected a signature of the agreement "later this year."
This agreement aims to create special facilities for obtaining visas for entry into the Schengen area for Cape Verde citizens, such as reducing the time for decision making in relation to the issuance of a visa or not, the establishment of preferential rates or total exemption of visas, among other issues. It was also an effective way to combat illegal immigration, according to Mr Barroso and Mr Neves.
According to information forwarded afrol News, the Brussels meeting also treated the possibility of a substantial increase of contributions by European Commission funds through the European Development Fund (EDF) to support Cape Verde's transition from a least developed country to a medium income country.
In addition, the West African archipelago may benefit from other funds such as the V-Flex (Vulnerability Fund) and also the framework of the EU to combat climate change under the Regional Indicative Programme for West Africa, PM Neves was told in Brussels.
By staff writers © afrol News - Create an e-mail alert for Cape Verde news - Create an e-mail alert for Economy - Development news - Create an e-mail alert for Politics news
On the Afrol News front page now
Central African Republic falling apart
afrol News - One month after the rebel movement Séléka took over power in the Central African Republic, unrest is spreading in the country. The new leader lacks control of his forces, which continue looting and abusing civilians.
|
Kenyatta secures tight victory in Kenya
afrol News - The official election results in Kenya have finally been announced, and Uhuru Kenyatta managed to win the first poll round outright with a narrow 50.7 percent. But the main opponent, PM Raila Odinga, is filing a vote rigging complaint to the courts.
|
Cape Verde Cape Verde to produce dragon fruit
afrol News - Cape Verde authorities have invested large sums to diversify the arid country's agricultural sector. Now, the dragon fruit, originating in tropical America, is being introduced for the first commercial production in Africa.
|
|