Under Article XXIV countries at different levels of development can enter into a reciprocal free trade agreement providing that the liberalisation of “substantially all trade” occurs within a “reasonable length of time” – in the context of the EPAs this has come to be understood as roughly 90% of trade within 10-12 years
Under Article XXIV countries at different levels of development can enter into a reciprocal free trade agreement providing that the liberalisation of “substantially all trade” occurs within a “reasonable length of time” – in the context of the EPAs this has come to be understood as roughly 90% of trade within 10-12 years