Africa: Sign EPAs and you lose, study shows

This study provides a simple cost-benefit analysis of the Economic Partnership Agreements (EPAs) between African countries and the European Union. It compares the costs of signing an EPA - measured as tariff revenue losses, versus the 'gains' of signing an EPA - measured as duties African countries would avoid paying if they were to export to the EU market under the EU’s Generalised System of Preferences (GSP) scheme. The paper shows that even with this simple cost-benefit analysis (looking only at one dimension of the costs), for most African countries, the tariff revenue losses are higher than the duties at the EU border if there is no EPA.