The CF-EC - Economic Partnership Agreement (EPA) - An Executive Summary [MTI Trinidad & Tobago]

8/6/2019 The CF-EC - Economic Partnership Agreement (EPA) - An Executive Summary [MTI Trinidad & Tobago]

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Government of Trinidad and Tobago


2/17

Trinidad and Tobago hs etee ew e ts t eltshps.as the ll lscpe evlves ue Wl Te ost (WTo)

ules, we hve pte t sut hve emke up ecpcl

te eemet wth e u lest t ptes the Eupe

U (EU).

CariForUM (CariCoM the dmc repulc) the EU

cmmece etts Ecmc Pteshp aeemet (EPa)

apl 2004 cclue deceme 2007. The vell jectve the etts ue the EPa T T ws:-

To negotiate the best opportunity or export

expansion and economic development to aid

the diversifcation thrust (under the auspices o

CARIFORUM) with the European Community.

Wth the EPa w cclue, the Msty Te iusty hsevelpe ths klet whch ves sc utle the EPa pcess,

summzes the mj elemets the aeemet pves utle

the pcesses eque t esue mplemett.

Whle the ull text the EPa s le t MTis weste www.te.v.

tt, ths cumet s ese t pve ccse ely ccessle

swes t the me ppul quests cce the aeemet

ts lkely mpct.

The EPa mks mleste u te ecmc evelpmet, s

cuty s e. We wll w e eque, ve pe tme t

pe u mkets, wth sme lmtts t the muctues sevce

pves the EU.

Ths stut pesets us wth temeus pptutes chllees.

Ths e s cmmtte t mv w letly wth pupse tcheve the est utcme ue ths aeemet t esue cceptle

st lv ll u peples.

ForEWord


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Section Page

i. Background ........................................................... 4

ii. carIForuM/Eu EPa outlInE .................................... 9

iii. BEnEFItS oF tHE EPa .................................................. 10

iV. PoSSIBlE cHallEngES .............................................. 14

V. kEy ProvISIonS ......................................................... 15

. develpmet Cpet ................................. 15

. Te gs ......................................... ........... 16

c. ivestmet, Te Sevces E-Cmmece .... 20

. Cuet Pymets Cptl Mvemet .......... 23

e. Te relte issues ......................................... .... 23

. dspute Settlemet .......................................... ..... 25

. geel Excepts ........................................ ..... 25

h. isttutl Pvss ........................................... 26

. geel Fl Pvss ................................ 26

j. Hztl issues .............................................. ..... 27

Vi. tHE Way ForWard .................................................... 28

ConTEnTS

We welcme the pptuty t she ths mt wth yu lk

w t yu cmmets sevts.

the MiniStry o trade and induStry

gvemet the repulc T T

Full lk:-

http://www.te.v.tt/aeemets/EPa/EPa%20Text_Fl.p


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the Ute Km get bt nthe iel, the repulc

bul rm. (450 mll pess)

W w ePa m /?

o the st y the mth, te the Ptes ty ech the the

cmplet ll the tel pceues .e. y lesltve /

msttve ches t meet the lts ue the eemet.

W ks p m?

i the tem, the EC the CariFoPrUM Sttes my pvslly pply

the aeemet. Ths mes tht te, the pvs evelpmet

cpet the lts ue the aeemet c e eecte

s l s u tl systems llw ths.

W s ePa?

1. The Lm ts success eemet, the Ctu, te

-ecpcl (e-wy) uty ee ccess s m ac,

Ce Pcc (aCP) sttes t the EU. o te, the -te

cmpets the Ctu aeemet, se 2000, em

eect utl 2020.

2. The lst emet etwee the EC aCP Sttes, the Ctu

aeemet, cte pvs the peeetl (e wy)

emet kw s te peeeces t e eplce y

deceme 31, 2007. Hweve, these te peeeces eque wve m the Memeshp the Wl Te ozt (WTo).

Ths wve s specl spest te t the EC t e the

aCP specl tetmet ve the evelp cutes. The lst WTo

wve ws te utl deceme 31, 2007.

3. icesly, thee s pm sht the ll t

evmet. i ptcul, cet evelp cutes e ppse

t the ctut WTo wves whch llw evelpe cutes

t t ehce eets t cet evelp cutes.

a. aBout tHE EPa

W s ePa?

The Ecmc Pteshp aeemet (EPa) s pemet stumet

te pteshp etwee CariForUM the EC. it eplces the te

cmpet Lm iV ts success Ctu (2000).

it s me th ee te eemet (FTa), s t cts st

evelpmet cmpet wth cle lks t evelpmet justmet mezt CariForUM ecmes.

W ws ePa ?

o 16 deceme 2007, Ecmc Pteshp aeemet (EPa) ws

cclue etwee CariForUM (CariCoM dmc repulc)

the Eupe Cmmuty (EC). Ths epesets the culmt

thee yes ml etts etwee the Ptes.

W Ps ePa?

carIForuM 15 Membe Ses

atu bemu, Cmmwelth the bhms, bs, belze,

Cmmwelth dmc, dmc repulc, ge, Cpetve

repulc guy, repulc Ht, Jmc, St Chstphe

nevs, St Luc, St Vcet the gees, repulc Sume,

the repulc T T. (24.9 mll pess)

Epe cmmi (Ec) 27 Membe Ses

The Km belum, the Czech repulc, the Km demk,

the Feel repulc gemy, the repulc Est, the Hellec

repulc (geece), the Fech repulc, iel, the itl repulc,

the repulc Cypus, the repulc Ltv, the repulc Lthu,

the g duchy Luxemu, the repulc Huy, the repulc

Mlt, the Km the nethels, the repulc aust, the

repulc Pl, the Ptuuese repulc, the repulc Slve,

the Slvk repulc, the repulc Fl, the Km Swee,

i.baCKg

roUnd


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B. tHE EPa ProcESS

neii Phses

The EPa etts wee stuctue t u phses s llws:

Ps i (ap 2004Spmb 2004) ptes the e-

tts;

Ps ii (Spmb 2004Spmb 2005) cmm

uest ptes elte t Ce tet

tets mplemett;

Ps iii (Spmb 2005dmb 2006) the stuctue

the etts.

Ps iV (Jdmb 2007) esse the sttutl

mewk mplemet the EPa, s well s, the utst

es veece m the pevus phses.

neii gps

The EPa ws ette ue u Techcl nett gups (Tngs)

s llws:

Mket access

Sevces ivestmet

Te relte issues (Tri)

Lel isttutl issues (Lii)

Futee us EPa etts wee hel wth the Eupe

Cmmss t cclue the EPa.

4. Wthut EPa plce ee the e 2007, te elts

etwee the EU Ce wul hve ee suject t the

geelze System Peeeces (gSP) eme, whch wul hve

vlve sme te supt.

The gSP emet pves -scmty tetmet tht

t tets ll evelp cutes eqully. i ths stce, T

T expts wul hve ce cese cmpett m the

evelp cutes ccess the EU mket.

Meve, ue gSP, cet expt s t the EU mkets wul hve

ce t utes m 2% pecet 30.1 pecet. These

pucts clue u hhest vlue te tems such s methl,

mm ete evees.

5. acc t 2006 te pemce t:

The uSs u lest expt pte TT$49.9 b ttl mestc

expts

caricoM s ke s u sec lest t pte

TT$15.2 b

ep s th plce plce wth TT$87.9 M

ROW

14%

CARICOM

17%

USA

57%

EUROPE

12%


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The CariForUM/EU EPa lel text cts 250 lel tcles, 6 Pts; 3

Ptcls; 5 Jt declts 7 aexes s llws:

ii.Ca

riForUM/EUEPa

oUTLinE

P I. te Peship Ssibe deepme

P II. te te ree Mes

t 1: t gs

Chpte 1. Custms dutesChpte 2. Te deece istumetsChpte 3. n-T bes

Chpte 4. Custms Te FclttChpte 5. acultue FsheesChpte 6. Techcl bes t TeChpte 7. Sty Phytsty Mesues

t 2: ivsm, t Svs e-mm

t 3: c Pms cp Mvm

t 4: t r isss

Chpte 1. Cmpett PlcyChpte 2. ivt itellectul PpetyChpte 3. Pulc PcuemetChpte 4. EvmetChpte 5. Scl aspectsChpte 6. Ptect Pesl dt

P III dispe aie Seeme

P Iv gee Exepis

P v Isii Pisis

P vI gee Fi Pisis

Ps

P I defii he cep oiii Ps

P II M miisie ssstce custms mttesP III c cpei

Ji deis

develpmet Cpet, bs, Use gs, rce, rellct Uelvee Quttes ue the Su Ptcl

aex 1 Expt dutesaex 2 Custms dutes Pucts ot CariForUM Sttesaex 3 Scheule T Lelzt CariForUM Sttesaex 4 Lst Cmmtmets ivestmet Te Sevcesaex 5 Equy Pts (imt t vests sevce supples)aex 6 Cvee Pcuemetsaex 7 Mes Pcuemet

neii Se

Hes geme Pve vell ect ecs-

mk

le Miisei Spesm respsle tect wth the

pltcl ectte the EC. Ths pst

ws hel y dme atette (blle)

Mlle, me Se Mste, bs.

Pul Mels, Te Cmmsse

epesete the EC.

carIcoMs ci Me ecmmets, ppve

sttees psts ve

vell uce the ppch t

etts

Piip nei respsle eslv stck pts

the etts pv Wy

Fw. amss rch bel,

me dect geel the Ce

rel nett Mchey (CrnM)

CariForUM Hule Kl

Fkee, dect geel Te

epesete the EC.

cee neis Le CariForUM etts the

Techcl netts gups

ette the lel text the EPa wth

the EC cutepts

tehi Wi gps Fmulte the CariForUMs psts

EPa lel text

n-Se a (nSa) new Stethee the ptcpt

lue wth el cvl scety

stkehles

te Emi

deepme


7/17

0

2. Spps vb inVeStMent m

. ivestmet pptutes e ehce ll EC Meme

Sttes ue t the secuty pve t vests

. Pevusly T&T ly h bltel ivestmet Tetes (biTs) wth

u Cmmuty Memes- Sp, gemy, Fce, UK. The

ivestmet pvss the EPa cmplemet the biTs

cve ll 27 EU Sttes

c. ivests e eque t seve hh sts wth espect t

ptect the evmet wkes hts.

3. ePa ss pb pm m

ps pm m goodS

. EPa s pemet t emet whch lcks

ttl uty- ee mket ccess pve ue Lme

Ctu

. Secuty ccess t ttl Eupe mkets whch s

le sujecte t the t wve m the Wl Te

ozt (WTo)

c. gee d Fee Q Fee (dFQF) ess exps

he Epe ui wih he emp exepi ie

s (i 2010 2015 espeie)

. Expes he me be ess he dmii

repbi me, (s cmpe t the cuet CariCoM/dr

Fee Te aeemet) ue t the rel Peeece Cluse

whch eques tht sml ette tetmet s pve t the

ett ptes (CariForUM)

e. g ibeizi imp ies carIForuM hs

sii peis ei is (ibeizi

spe e 10-25 es). Ths wul mmze the eveue

eect llw the sects whch wee pee t ul the

cmpettveess ve the meum t l tem

. Exsi sesiie ses m i ei 13.1

pecet EU mpts t CariForUM wul e suject t

t utes. These clue sestve ustl cultul

pucts whch e lclly puce

gve the cclus the EPa, the cym SignEd c e use t

hhlht the eets the EPa s llws:

Sevces;

Ivestmet;

gs;

new Te aes;

Expeece netts

Develpmet Cpet.

1. t ePa pvs w pm m SerViceS

. Pevusly the Lm Ctu t emets ly

clue te s

. EPa llws me vule pptutes/mket ccess

T Ts expt sevces t the Eupe

U, e..

Cultul etetmet sevces hve ccess t ll

EU mkets, wth the except belum

Ctctul sevce supples hve ccess 29 sects

epeet pessls 11 sects.

c. Pves pptuty expt sevces t the dmii

repbi (dr), s esult the rel Peeece Cluse

whch esues tht the mket ccess pe sevces

whch the dr pve t the Eupe U e ls mevlle t ts ett ptes CariCoM

. Pves symmety CariForUM pee 65-75 pe cet

the mkets cus sects wth etest mpct

evelpmet whee vestmet tse techly

s eque. The EU hs pee up me th 90 pecet ts

sevces mket

e. The Ptcl Cultul Cpet estlshes the mewk

ete cpet exches e cultul

ctvtes, s sevces etwee CariForUM

the Eupe U.

iii.

bEnEFiTSoF

THEEPa


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6. deVeloPMent cooPeration

. as pt the EPa pvss, the 10th Eupe develpmet

Fu (EdF) (2008-2013) pves 165 mll ( 190 pecet

cese m the 9th EdF (57 mll) s llws:

() 132 mll hs ee llcte t the rel

ictve Pmme, wth 85 pecet rel

Cpet/itet Cpcty ul 15

pecet t el wth scl ssues vuleltes

() 33 mll EPa implemett

. Futhe u ue the WTo a Te (aFT) wheey EU

Meme Sttes hve cmmtte t exte evelpmet

ssstce 1 bll y 2010

c. Techcl assstce techcl stues suppt n-

Stte acts

. Eupe ivestmet bk (Eib) wll ctue t pve 2

ll vestmet c.

. Pvs shee wi is m extel

cmpett. a t usty cluse llws the esttemet

ts the utue t ptect w usty/ustes

h. Smple res oii cte ety expts, whch

e me vule t evelpmet exp expt

ptetl

. reuce utes mpts w mtels the puts

t usty.

4. ePa ss s neW trade areaS, w

w vp s w

ssm s pp ssss

w . ts s :-

te Fiii y mpv cmmuct, euc

e tpe ueuccy smply custms ules,

the pcess te s me ese. i t, Custms

amstts wll eet m cpet ctvtes ee

tws the mezt

cmpeii Pi set ules ese t mmze u te

pctces el wth mplstc ms mt m

ehvu

Pbi Peme emphss tspet ules whch

c le t cst eucts cese cmpettveess

Pei Pes d Estlshes the mewk tpve eess stuts whee pesl t s stle

cmpmse

Ii Iee Ppe ste vts

ptect tellectul ppety e key eets t

cet evmet the chevemet sustle

evelpmet. o te, T T susces t

the WTo Te relte itellectul Ppety rhts (TriPS)

aeemet.

5. exPerience in negotiationSwhch T T

ee el etts, e m ptcpt the EPa

sesss.


9/17

V.

KEYPro

ViSionS a. deVeloPMent cooPeration

The pvss develpmet Cpet e cte tw es

() Pt i Te Pteshp Sustle develpmet

() Jt declt develpmet Cpet.

P I te Peship Ssibe deepme

Ths estlshes the ss CariForUM-EC cpet, whch s utle

the EPa ojectves Pcples. al wth the Pmt Sustle

develpmet, the EPa s evse t mve ey ttl te

s sevces t cve ctcl es such s rel itet,

Cpet tetl , develpmet Cpet

ietct Cpet Ptes.

TheEPa objeies e:

. Ctut t the euct evetul ect

pvety

. Pmt el tet, ecmc cpet

c. Pmt the ul tet CariForUM Sttes t

the wl ecmy

. impv CariForUM Sttes cpcty te plcy

te elte ssues

e. Suppt cts ces vestmet pvte

sect ttve ehc supply cpcty, cmpettve-

ess ecmc wth CariForUM Sttes

. Stethe the exst elts etwee the Ptes the

ss slty mutul teest.

Cpet ptes cus pmly :

. Techcl ssstce t ul hum, lel sttutl

cpcty

. Cpcty isttut ul scl em t stethe

tx mstt tx cllect

c. Suppt mesues pmt pvte sect etepse

evelpmet SMEs, cmpettveess vesct

. dvesct the ecmy thuh ew vestmet

evelpmet ew sects

iV.

PoSSibLECHaLLEngES Sme pssle chllees whch my se m the mplemett

the EPa clue the llw:

P ss fs v s m m

s eu mps. i my evelp cutes, pmet

pupse mpt ts s t se eveue. Ths psslty hs

ee mmze s esult the llw:

5-25 ye tme sp the ul elmt mpt

utes; Seve ye mtum plus thee ye tmeme

the emvl othe dutes Ches (odCs), whch

eete sct mut eveue cet

CariForUM Sttes;

EU techcl ssstce scl em, cpcty

sttutl ul wth vew sht epeece

m t odCs t the ms ect txt.

t vs . w w bs eu mps

m s ps s m mpv eu

mps. Ths stut hs ee tke t cset wth

CariForUMs sestve sects t sujecte t the elmt

mpt utes. i t, lwe the e t EU mpts my

cese the ececy lcl puct theey eete

ete te.

iq m s p t pepe pjectppsls t tke vte the evelpmet cpet

pvss ue the EPa.

lm ms Mss te elte

eces t mplemet the lts ue the aeemet

cul he s m the EPa.

is mp t mestc sevce supples specc

sevces sects whch hve ee lelze.

ePa s ms s

sme sevce sects whch e cuetly ueulte whee

eults ee t e upte.


10/17

ohe dies ches pple t the e c ctue seve yes ustucte m the s the aeemet, te

whch these wll e emve phse ss wth thee yes.

CariForUM hs thee ye mim u whch

lelzt tkes plce, whch llws the lelzt

ts mpts, .e. the CET. gve the hh eveue eet

m mpte mt vehcles, these hve ee ve 10 ye

mtum ll CariForUM Sttes. Wth espect t Ht ly,

cet petleum pucts T He 2710.11 hve ee

te 10 ye mtum.

Exsi sesiie ps m lelzt ( uty euct).

These sestve pucts epeset 13.1 pecet CariForUM

mpts m the EU clue such s s pmy cultul

pucts, -pcesse pucts (hm, suses, etc), mlk

cem, pst, chclte, juces, ete evees, mel

evees, lchl, shmp, pt vshes, tlet ppe,

sectts thes.

Exp ies pple y guy Sume hve t e emveve thee yes.

chpe 2. te deese Ismes (aies 23-25)

T esue evmet te s mte, the EPa llws :-

mpst tump cutevl utes

umpe pucts, tht s, pucts sl t pce lwe th

the cst puct the mpt mket

seu mesues t ptect mestc ustes

m cese quttes whch les t seus juy

stuces.

lbz tm m . cet P imps P

w b 0 p m eu t t

at pplct EPa (2008) 52.8 705 yes (1 J. 2013) 56.0 72.010 yes (1 J. 2018) 61.1 75.315 yes (1 J. 2023) 82.7 89.320 yes (1 J. 2028) 84.6 90.525 yes (1 J. 2033) 86.9 92.0

e. Ehc techlcl esech cpltes

. develpmet vt systems techlcl

cpcty

. Suppt stuctul evelpmet.

Ji dei deepme cpei

Ths declt etwee th Ptes t the aeemet eczes:

() The justmet cultes sscte wth the mplemett

the aeemet, especlly smlle ecmes m the

CariForUM Sttes .e CariCoM LdCs (atu bu,belze, dmc, ge, Ht, St Luc, St Vcet the

gees, St Ktts nevs)

() The ee mpv el stuctue t ele

CariForUM t tke ull vte pptutes ee y

the EPa.

T ctulze the declt, ssstce s t e pve ue the

10th Eupe develpmet Fu (EdF) Ce rel ictve

Pmme (CriP). EU Meme Sttes wll ls cmplemet wth a

Te (aFT) ctuts. (see p.13)

B. trade in goodS

issues elte t Te gs e cte seve Chptes ue

Ttle i, ParT ii Te Te relte Mttes.

chpe 1: csms dies (aies 9-22)

Wth the except ce su (utl 2010 2015 espectvely),CariCoM hs ee te mmete ee, q ee

ess t the mkets the EU, pve tht pucts meet the

ules cte (the level pcess eque t

e te uty ee ccess).

csms / Imp ies EU pucts ete CariForUM wll e

euce phse ss te the mtum. CariForUMs T

Lelst Scheule ve the 25 ye pe s s llws:


11/17

Sugar

The Su Ptcl ue the Ctu aeemet wll em

eect utl Septeme 2009, theete uty-ee, qut-ee ccess

s pplcle.

icese su qut y 60,000 tes utl Septeme 2009

30,000 dr 30,000 CariCoM.

The Jt declt llws uexpecte su shtll t e

ellcte m the CariCoM sttes.

Rice duty-ee qut-ee ccess ce m 2010.

Exst qut ue the Ctu aeemet wll e cese

2008 2009, wll ttct uty.

The Jt declt cmmts the EU t ctully evew the

lces the emets elt t the qut t esue

tht CariForUM exptes t the mxmum eet.

Bananas

duty-ee qut-ee ccess t the EU mket mmetely up

pplct the EPa.

The Jt declt bs cts cmmtmet y the

EU t pve u t ssst the usty mk the ecessy

justmets t ecme me cmpettve.

chpe 6. tehi Bies te tBt (aies 44-51)

Ths chpte ems the WTo TbT aeemet, s well s pves

cpet t she expetse, evelp cetes expetse CariForUM

the ssessmet s, evelp the cpcty etepses tmeet eulty mket equemets.

chpe 7. Si Phsi (SPS) Meses (aies 52-59)

These pvss plt sety mesues sclly em the

WTo SPS aeemet. The aeemet cves the mptce estlsh

hmze SPS pves cpet pv techcl

ssstce t ehce CariForUMs lty t cmply wth tetl

sts.

apppte emel ct ue the aeemet clues suspes

the uthe euct the CET, ceses custms utes

tuct t quts.

chpe 3. n-ti Bies ntBs (aies 26-28)

T cltte te, the EPa clues cmmtmet t emve ll

qutttve estcts mpts euce/elmte nTbs. Ths mes

tht pucts expte m CariForUM t the EU wul e suject t

sml tetmet (txes, ees the tel ches) s mestc EU

pucts, thus emv estcts tht my mpee ccess t the EU

mket.

chpe 4. csms te Fiii (aies 29-36)

Pvss ths e llw ste me ecet pets

custms the e eces. The EU hs ls cmmtte t ve

techcl cl ssstce t () mplemet vus mesues

whch wul euce e tpe thus the tme tke t pcess mpts

expts () pevet, vestt cmt pets

ech custms leslt ue P II M miisie

ssise i sms mes.

chpe 5. aie Fisheies (aies 37-43)

gve the mptce these es t th el ups, the

pvss cte hee cve sustle evelpmet, secuty,

exche mt csultt, pvs ttl

cultul pucts cpet. Ue ths chpte, the specc

pvss develpmet Cpet cve mpv cmpettveess

pmt pvte vestmet ptetlly vle cultul sh

puct, evelp expt mket cpltes, mpv mket

stuctue tsptt, cmplce pt qulty

sts elt t puct mket.

t eu s s mm mv p sbss eu

p s w w carioruM .

carioruM s q mv s p sbss.


12/17

0

CariCoM LdCs hve pee 65 pecet the sevces sects.

T T, Jmc, bs, Sume guy

hve me mket ccess cmmtmets 75 pecet ts sevces

sects.

The bhms Ht e t cpte the cmmtmets wth

sx mths stue the aeemet

Ctctul supples etetmet sevces hve te

mket ccess 26 the 27 Meme Sttes the EU. These

clue thete, lve s, ccus sctheque sevces the

th uvsul sevces

The EU hs pve ccess key pesel ute tees

m CariForUM.

i the e vestmet wth T T, mst sects

hve ee te mket ccess, wth excepts elt t l

hls, she weshp pulc cmpes the sh

petleum sects.

M reii

Mutul rect aeemets estlsh mechsms tht ecze

pessl m e cuty s hv the equvlet sklls s sml

pessl the hme cuty. Ue the EPa, etts e t e

cucte (wth thee yes te ety t ce the EPa) mutul

ect eemets y CariForUM EU pessl es

the es ccut, chtectue, eee tusm, m

thes.

temp e bsiess ppsesThe EPa pves the tempy ety usess sevce pves,

ctctul sevces pves, sht-tem vsts esech es,

hst te s t sems etc., epeet (sel-

emplye) pessls.

as ee y the EPa, ctctul sevces clue lel vsy sevces,

chtectue, u pl lscpe chtectue, eee,

tete eee, cmpute elte sevces, esech

evelpmet, mket esech p pll, memet

csult tslt tepett.

res oii

The Ptcl rules o cts me smple fexle ules,

llws we ccumult puts tht wul pemt CariForUM

puces t utlze w mtels the puts m we e

the cutes, whlst stll hv the s quly uty ee tetmet

ue the aeemet.

F cet su pucts, the rules o w eque tht ly

mestclly puce su c e use the puct pcess

utl 2015. Ths s t e evewe thee yes. Ue ths pvs lyexpts cectey muy syup m T T wll

e ecte.

Ue rules o, the EPa pves the ee mvemet s

m the Eu wth the CariForUM e. Ths mes tht s mpte

m the EU y e cuty e the shppe t the cuty wth the

re, utes wll ly e p t the st pt ety.

c. inVeStMent, trade in SerViceS and e-coMMerce

t ii: (as 60-118)

The EPa hs ecte chptes tet wth vestmet, te

sevces e-cmmece ve the scce these es uthe

eepe te ecmc elts etwee CariCorUM the

EU. F T T, y extes CariForUM, cpt

these es the EPa e ctcl vestmet ttct the

sustle evelpmet sttec se vces sects.

F exmple, ll CariForUM ms, wth the except thse vlve

ms mmut, ucle mtels, u vsul, mtme

tspt, e llwe t estlsh pets the EU. Cpet

Sevces clues es such s mket, jt vetues vestmet

pmt.

Me aess

The EU hs pee me th 90 pe cet ts sevces sects,

m busess Sevces, Cmmucts, Cstuct,

dstut, Evmetl, Fcl, Tspt, Tusm

recet sevces.


13/17

d. current PayMentS and caPital MoVeMent

t iii (as 122-124)

gve the ew spests the tetl t evmet, the

EPa hs pvss cuet pymets cptl mvemet e t

pmte vest cece cete me cucve evmet

usess evelpmet.

Ths pvs llws :-

The emvl estcts t llw ll pymets cuettscts t e me eely cvetle cuecy

The emvl estcts the ee mvemet cptl elt

t ect vestmets the lqut eptt cptls

pt

The mplemett seu mesues exceptl

ccumstces pe t excee sx mths, whe

the pymets cptl mvemets cuse thete t cuse

seus cultes the pet mety plcy exche

te plcy.

e. trade related iSSueS t 4

issues elte t Te gs e cte sx Chptes ue tie

Iv, Part II te te ree Mes.

cmpeii Pi, chpe 1: (aies 125 -130)

Ue the aeemet, pctces whch hve the eect pevet

susttlly lesse cmpett use mket pwe wll eeeme s estct cmpett. as such, ctel pctces (cllus)

the u usty pctces e phte. i t, lws e t

e ecte t ess estcts cmpett wth ve yes the

ety t ce the EPa.

Ii Iee Ppe, chpe 2: (aies 131-164)

ivt itellectul Ppety e tw mptt cestes

usess wth evelpmet. o e h ste vt

cetvty mpves usess cmpettveess s cucl chev

sustle evelpmet. o the the h the ptect

ecemet tellectul ppety plys key le ste cetvty,

vt cmpettveess.

teemmiis Ieei

Ue the aeemet, cmmtmet hs ee me t esue tht ll

lces equemets e pulcze. i t, y supple uthze

t pve telecmmucts sevces hs the ht t ette

tecect wth the pves scmty tmely

sh.

Fii Seies

EU cl sttuts e t e llwe t pve the sevces

me sml t thse pve y lcl cl sttuts.

tism

at-cmpettve pctces such s u pces qutty estcts

e phte. Evmetl memet wll e ehce the

CariForUM re teet mket smll meum sze

ms tusm exches pmmes wll e cltte.

c Seies

Ptcl iii Cultul Cpet pves ete cpet ll

cultul ts, s llws:

atsts the cultul pcttes, wh e t vlve

cmmecl ctvtes the EU, e llwe t ete the EU

up t 90 ys t cllte pjects upe the

t.

Pe the cmplet c-puct tetes etwee

vul EU sttes Ce sttes, Ce uvsul

puces wll e le t ccess u cetve pjects.

Techcl ssstce the evelpmet CariForUM

cultul ustes, evelpmet mplemett cultul

plces, pmt pucts the exche

cultul s sevces.

C-puce uvsul pucts sevces vlv

Eupe Ce cetve tems wll quly s

Eupe wks wll meet the cultul ctet ules ll EU

sttes

Specl pvss hve ee me uvsul sevces

sect.


14/17

Si aspes chpe 5: (aies 191-196)

Pvss hee clue cmmtmet t cpete csult the

exche mt scl lu leslt, mult

stethe tl scl lu leslt; euctl

pmmes, whch clue sklls t; the pmt cpte

scl equty. dmestc lu sts such s -scmt wth

espect t emplymet the emvl chl lu hve t e

csstet wth thse pplcle tetlly.

Pes d Pei chpe 6: (aies 197-201)

oe the umetl jectves s t ptect the umetl hts

eems tul pess the ht t pvcy wth espect t

the pcess pesl t. Ths s ue y set pcples

eel ules such s the ht t ccess, ecty ppse t whch

e shw t e ccute. T ssstce estlshmet

lel msttve stuctue e t e pve y the EC.

. diSPute SettleMent P iii dsp av Sm

(as 202-223)

Ths pt the aeemet seeks t v settle y sputes etwee

the Ptes. it ls estlshes the pceues t e llwe eslv

sputes s

csultt

met

tt.

The ecss the att pel wll e lelly sutle

tmeme s eque cmplce. i the evet -cmplce,

the ecte Pty c equest tempy cmpest, whch s t

cl, tue. Whee e CariForUM Stte ctvees the

aeemet, ecemet mechsms wll e tke st tht Stte,

t ll CariForUM Sttes.

g. general excePtionS P iV (as 224-226)

The eel except cluse s evse t secue the pt

ecemet y the EC Pty CariForUM mesues whch e

ecessy t:

Sme the pvss clue:

The pmt vt, ehcemet ms cmpettveess,

cltt cmmecl vlty vtve pucts, techly

tse, cpetve esech the ecuemet

pteshps cetve ustes.

CariForUM ms wul e le t ptcpte exst utue

EU mewk pmmes ivt, csstet wth the Ptes

ules.

Cpet jt vetues, esech evelpmet tes.

Mechsms the ect itellectul Ppety rhts (iPr)

such s temks ptets.

Cet pulcly vlle electc t se temks

implemett system cectve mesues st es

iPrs.

Pbi Peme chpe 3: (aies 165-182)

Ths chpte pves tspecy -scmt espect

pcuemet ctvtes .e y type puchse s/sevces

cmt clu wks vemetl pupse t

cmmecl esle. Ths etls the pulct the vtt t

tee, pulct lws, pceues eults e pulc

pcuemet; tct the ctct w; the estlshmet

-le clty t ssemte mt tee pptutes.

Eime chpe 4: (aies 183-190)

CariForUM ee t seek t evelp plces sustle evelpmet

t pt tetl evmetl sts wheeve tl

sts t exst, wheeve pctcl pppte. The EC hs

cmmtte t pve evelpmet suppt the es evelp

evmetlly-ely pucts, techles puct pcesses

u pjects elt t eey ececy eewle eey.

CariForUM the EC hve ee t csult ty ech the

y mesue ese t ptect the evmet pulc helth,

whch my ect te.


15/17

a cmmtmet t pevet ht st llel, uulet

cupt ctvtes, mey lue test

c

Fcltt te s sevces, pmt

vestmet ecuemet tspt

cmmuct lks etwee the othe Ce Tetes

(oCT) the CariForUM Sttes

The ee t ess stuts seus lce pymets

extel cl cultes, pve tht mesues e

-scmty lmte ut.

J. horiZontal iSSueS

Hztl ssues e thse ctcl es whch tvese the eth the

EPa whch e t Ptes t the EPa. The mpct hztl

ssues s sclly t emve scmty tetmet e the

scpe cvee the cmmtmets ue the EPa.

r P (a 238)

Ths pvs eques tht y vule tetmet extee y

CariForUM t the EC shul e ve t ll the CariForUM Sttes, y

lte th e ye te the te s the EPa. Ths equemet

cves sttes such s the bhms, bs, guy, Jmc,

Sume, T T the dmc repulc. othe

CariForUM Sttes hve tw ye tme pe, whle Ht hs up t ve

yes.

Wth espect t sevces, CariForUM vests sevces sects the EUmket wll e suject t the sme tetmet s tht ve t EU mestc

vests. i ths stce, T T wll hve t t sml

ette peeeces t the dmc repulc s thse te t the

EU.

Ms v n (Mn)

The MFn pcple eques tht the EU e te sml tetmet

stces whee ette tl peeeces e te y T

T CariCoM t the mj t pte. a mj

t pte s ee s cutes whch ccut 1 pecet 1.5

pecet wl mechse expts te sevces, espectvely.

ptect pulc secuty pulc mls t mt pulc

e;

ptect hum, ml plt le helth;

secue cmplce wth lws eults whch e t

csstet wth the pvss ths aeemet;

ptect tl tesues tstc, hstc chelcl

vlue;

cseve exhustle tul esuces such mesues e

me eectve cjuct wth estcts mestc

puct csumpt s, mestc supply

csumpt sevces mestc vests.

h. inStitutional ProViSionS P V (as 227-232)

Thee e u sttuts t e me ue the EPa s llws:

carIForuM-Ec ci supevs the mplemett

the aeemet, mt the ulllmet ts jectves,

exmt ppsls ecmmet t tke

pppte ecss, t Mstel level

te deepme cmmiee sssts the Cucl

the pemce ts utes, mlly t se cls level

Pime cmmiee um Memes Plmet

CariForUM the EC t meet exche vews

csie cmmiee sssts the Jt Cucl t

pmte lue cpet etwee epesettves

sts cvl scety, clu the cemc

cmmuty, scl ecmc ptes.

i. general and inal ProViSionS P Vi (as 233-250)

Ths sect clues pvss such s:

CariForUM Sttes e eque t este Ct

up pvsl pplct the EPa

Ptes t the aeemet must esue pulct

pulc vllty y lws, eults, pceues

msttve uls y te mtte elte t the EPa

a cmmtmet t ste lue, tspecy she est

pctces the e tx plcy mstt


16/17

F mplemett the EPa, T T wll e lte t

uetke ume ttves s llws:

Sumss the l text t Cet s the EPa

dest EPa ntl Ct

Ectmet ecessy leslt whch wll e ete

Plmet

Ctue vccy the EPa y the Mst y Te

iusty cmmuct cllt wth ts

stkehles ntct must e ve y the exst utes ches,

e.., the tcc tx cs, smk tcc cettes,

mpt suche su

implemett ecessy lesltve msttve ches

t llw the uty-ee tetmet t EC dmc repulc

pucts (ve pe tme)

dest Cmpetet authtes the mplemett

Sty Phytsty Mesues Techcl bes t Te

Leslt eque t cltte te sevces tl

tetmet ss ccce wth T Ts scheule

cmmtmets sevces must e pepe

amsttve ches y the immt deptmet, Msty

ntl Secuty, ptcul the Msty s Wk Pemt Cmmttee,

t llw the tempy ety sty t-cpte tses,

usess vsts ute tees

impv te elte sttuts t pve well-ese

tete mesues lcl cmpes t pt t mptcmpett (e. e-eee, mezt st et).

Vi.THEWaYFo

rWard

THE MiniSTrY oF TradE and indUSTrY iS

CoMMiTTEd To ConTinUE CoLLaboraTing WiTH iT S STaKEHoLdErS

in THE PUbLiC and PriVaTE SECTorS To EnSUrE EFFiCiEnT

iMPLEMEnTaTion oF THE EPa, aS Trinidad and Tobago

ESTabLiSHES iTSELF aS a SigniFiCanT Trading ParTnEr

in THE gLobaL EConoMY.


17/17

Levels 1117, nchls Twe

63-65 iepeece Sque,

Pt Sp,T T, Wi

Tel: 1 (868) 623-2931-4

Fx: 1 (868) 627-8488; 627-0002

We Ste: www.te.v.tt

Eml: @te.v.tt

the carIForuM/Eu Emi

Peship aeeme:

a Exeie Smm

Government of Trinidad and Tobago

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The CF-EC - Economic Partnership Agreement (EPA) - An Executive Summary [MTI Trinidad & Tobago]

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