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Monday, January 7, 2008
Guyana's President Bharrat Jagdeo has said that Caribbean leaders should face up to the fact that the Caribbean won nothing in the recently concluded negotiations with the European Union over the economic Partnership Agreement (EPA). President Jaghdeo, in a recent address to Guyanese media, stated that the change of policy from preferential treatment to that of reciprocity between developed and developing nations will severely affect the Cariforum countries in the long term. Jagdeo pointed out that goods from Europe would enter Caribbean countries tariff free and this loss of revenue would main economic development since these countries were dependent on this type of income. The Guyanese President maintained that the EU countries acted in bad faith throughout the negotiations and did not observe many of the agreements from the original Lome Convention and the Continuo agreement. "I resent that characterization that we won from these negotiations. We did not win anything whatsoever."
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