ACP preferential status under threat
THE African, Caribbean and Pacific (ACP) Groups retention of preferential access to the European Union for key commodities is under threat.
The preferential arrangements for commodities, including sugar, bananas and rice will feature in the negotiations for a successor to the Lome Convention.
The Financial Times says the arrangements for sugar will survive, but preferential status for other commodities are under threat, especially rice and bananas.
Leonel Fernandez, president of the Dominican Republic, said all trade preferences would be eventually phased out. ACP nations should be prepared to give these up in return for improved aid, eligibility conditions, soft loans and debt relief, he said.