After careful consideration, Mauritania finally said yes to the Economic Partnership Agreements (EPAs).
Indeed, the Mauritanian authorities signed this convention with the European Union this weekend in Brussels.
The main objective of this agreement is to boost trade between Europe and Africa by promoting exports of products in both markets. This is to develop trade and promote economic integration between the two regions to better participate in international trade.
Mauritania becomes the 15th country in West Africa to endorse this document. For the moment, only Nigeria is missing for the text to be ratified.
The EPAs that divide the continent’s economists (supporters of this convention and detractors) continue to make headlines.
According to some “radical economists”, it is premature to open up to excess, Africa must first regulate its industrialization. Others argue that the development of intra-regional trade will enable communities (states) to gain in terms of opportunities.
Mauritania will henceforth have to bet on the African Free Trade Area (ZLECAf), rich in 1.2 billion consumers and a combined GDP of 2500 billion and the European market to boost its trade.
