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EPA negotiations do not promote the right investment policies in Africa

EPA negotiations do not promote the right investment policies in Africa

SOMO Briefing paper

Publicatie

M. Vander Stichele

1 september 2006

This SOMO briefing paper defends the arguments that EPA negotiations do not promote the right investment policies in Africa. The EU strongly advocates that attracting more foreign investment is a solution to African development problems and that African countries therefore need to include strict investment liberalisation measures in EPAs. However, Africa has so far experienced too little benefits from foreign investment and investment incentives. African Ministers need to continue to resist EU pressure to include investment liberalisation in EPAs and rather focus on support and capacity building for domestic or regional investment, and making foreign investors responsible for their activities in Africa.