The background and objectives, and research findings of this project are presented. The objective of this research was to consider the potential impact of an economic partnership agreement (EPA) between the EU and the Caribbean, arising from the Cotonou agreement. The focus was on the possible impact of an EPA on trade, welfare and poverty in the small island economies of the Organisation of Eastern Caribbean States (OECS).
The study largely focussed on three of the OECS islands - Dominica, St. Kitts and Nevis, and St. Lucia. The research was composed of three parts; in part 1 Caribbean regional integration was analysed; part 2 evaluated via formal simulations the potential impact of EPA induced liberalisation on trade, prices and welfare; and part 3 involved translating price changes derived from part 2 in order to assess the impact of the price changes on poverty using household level data.
The Impact of the EPAs of the Cotonou Agreement on Trade, Production and Poverty Alleviation in the Caribbean Region, Emerging Markets Group (EMG) Ltd, London, UK, 2 pp.