Economic Partnership Agreement: Cote D’Ivoire Brexit Effect, Troubles Ghana

After Brexit, the Free Trade Agreement again between the United Kingdom and Côte d’Ivoire, the Ivorian government announced the beginning of two phases of tariff divestment with the United Kingdom (North and Great Britain and Ireland) as an extension of the economic partnership . Agreement with Europe.

“The council adopted an ordinance implementing the first and second stages of tariff dissolution within the framework of the Economic Partnership Agreement between Côte d’Ivoire and the United Kingdom of Great Britain and Northern Ireland, as well as a bill to ratify it,” Sidi said. Teoko Toure, spokesperson for the government.

For this new configuration of a partnership agreement without customs between the two sides, 2305 tariff lines are concerned. The first two phases cover the period 2019-2020 and 2021-2023.

Ghana suffers from Brexit effect

Unlike Ivory Coast, which took it early, Ghana was unable to quickly ratify the economic partnership agreement with the United Kingdom after Brexit. Its consequences are beginning to fall on the economy of this country. According to Ghanaian producers, British companies have started rejecting imports from Ghana. Banana growers have lost 20% of their exports to the UK. A condition that can also increase up to 50% in the coming months. In addition, layoffs are emerging among the three banana export giants in the country (Golden Exotics, Volta River, Estates), which employ about 5,000 workers who work indirectly, without forgetting 25,000.

The issue may apply to other countries in the Economic Community of West African States (ECOWAS), which have not ratified the partnership agreement with the United Kingdom, which is no longer part of the partnership agreement between the European Union (EU) and the African Caribbean is. Pacific (ACP).

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