41. The Parties emphasised the importance of regional economic integration for the consolidation of peace and security, the eradication of poverty, and the development of all economic sectors in West Africa. In this context, the Parties reiterated the commitment of both sides to demonstrate the necessary flexibility in order to resolve the outstanding areas of divergence and swiftly conclude the negotiations for the establishment of a regional EPA covering trade in goods, EPA-related cooperation and other trade-related issues by the end of 2010. Both Parties agreed that the EPA should promote regional integration and the integration of West Africa into the global market, boosting growth and competitiveness while allowing for protection of West African countries’ sensitive sectors, and containing mechanisms to help the region to address adaptation and adjustment needs.
42. The Parties reiterated that the EPA Development Program (EPADP/PAPED) should play an important role in enabling the West African region to take full advantage of the opportunities offered by the EPA whilst minimising the adjustment costs that might result from the implementation of the Agreement. In that context, they also welcomed the Conclusions of the Council of the European Union regarding the EPADP adopted on 10 May 2010, and in particular the EU’s engagement to contribute to the EPADP implementation through EU development cooperation instruments. The Parties welcomed the announcement that EU funds available for EPADP-related activities over the next five years are estimated to amount to at least 6.5 billion Euros. The EU and ECOWAS committed themselves to co-operate to pave the way for intervention by other donors in support of the EPADP, currently estimated by ECOWAS at 9.525 billion euros. Both Parties agreed on the need to ensure the availability of the EU and other parties financing in the shortest possible time. Both Parties stressed the need for a successful outcome on the second review of the Cotonou Partnership Agreement and the forthcoming ministerial conference in Ouagadougou 17–23 June 2010.
Prospects for MDGs achievement
43. The Parties expressed their concern about the very limited progress achieved by the region towards the MDGs and encouraged all Governments and relevant authorities and stakeholders to step up their efforts to meet the MDG targets. They stressed in particular the importance of working harder towards poverty reduction and to increase actions towards sustainable development. They agreed that there is a clear link between MDGs achievement, peace and stability, and also that consolidation of good governance was both a condition and a consequence of progress towards the MDGs. The Parties therefore called on ECOWAS Member States to strengthen their focus on those issues and target them specifically as a matter of priority in the identification and design of their future development programs and projects, so that the EU and other international partners support can be more targeted.
44. In this regard, the Parties underscored the urgency of renewed collective efforts to redress the situation and put the ECOWAS region back on track to meet the MDG targets. They called for the review of national poverty reduction strategies by repositioning them within the broader development strategies aimed at accelerating socio-economic development, and for the ECOWAS Poverty Reduction Strategy to serve as an important mechanism to drive this process. While welcoming the EU 12-point action plan on the MDGs, the ECOWAS side invited development partners to honour their ODA commitments and abide by the Paris and Accra principles on aid effectiveness in order to accelerate the development financing of ECOWAS Member States.
PREPARATION OF THE AFRICA-EU SUMMIT OF NOVEMBER 2010
45. The Parties stressed the importance of the upcoming 3rd Africa-EU Summit. The EU expressed satisfaction with the presence of the RECs in the College-to- College meeting in Addis Ababa on 8 June. Both sides emphasised the indispensable coordination between the AU, the RECs and the EU in the preparation of the Summit. The EU encouraged active ECOWAS involvement in the preparations and in particular the design of the Action Plan 2011–2013 to be adopted by the Summit. AOB
46. The EU and ECOWAS agreed that the next Political Dialogue at Ministerial level will take place in West Africa at a date to be determined by the Parties.
Source:
Council of the European Union