Trade And Industry: Multilateral Trade Division
The MOTI PSD & PSI's Multilateral Trade Division is responsible for fulfilling Ghana's multilateral trade obligations through the World Trade Organisation (WTO) and handling bilateral and regional trade issues. This involves improving structures for international trade negotiations and formulating and implementing trade negotiation strategies. On the multilateral front, negotiations have resumed at the WTO after they were stalled in July, 2006, due to disagreements between the developed and developing nations in the areas of agriculture and non-agriculture market access. Ghana and other West African countries are also engaged in the negotiation of an Economic Partnership Agreement (EPA) with the European Union. Recently, Ghana signed an interim trade agreement with the EU, pending the resolution of disagreements between West Africa and the EU, over the terms of the full EPA to be put in place.
The EPA will be compatible with WTO rules and based on assymrnetric reciprocity. This means, ECOWAS countries will have to progressively liberalize a substantial amount of their exports, granting duty free market access to EU products, which wasn't the case under the Cotonou Partnership Agreement.
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