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After three and-a-half years of stressful negotiations, the Caribbean and European negotiating teams have concluded the first Economic Partnership Agreement (EPA). Both parties completed the massive task around 1:30am on Sunday, 16 December at the Grand Barbados Hotel in Bridgetown, Barbados.
As of January 2008 all exports in goods and services originating from within the Cariforum countries (CARICOM plus DR) will receive duty-free and quota-free access in Europe. Eighty percent of the goods produced in Europe will receive duty free access to the Caribbean markets within the next 15 years.
Updated 18 April 2008
European Union