00:00The Lomé Convention is a trade cooperation agreement signed on February 28, 1975 between the EC and 46
00:06African, Caribbean and Pacific countries, known as ACP countries, and renewed in 1979 Lomé II, 57 countries, 1984
00:14Lomé III, 66 countries, 1990 Lomé IV, 70 countries, and in 1995 Lomé IV bis, 70 countries.
00:23In 2000, the Lomé Convention was replaced by the Cotonou Agreement. Previously, it originally only comprised
00:29It started with 18 member states and now has 79, a testament to its attractiveness. This cooperation aimed to promote
00:36the adaptation of ACP countries to the market economy.
00:39The STABEX program, the distributed stabilization system, was implemented during the Lomé I conference in 1975.
00:46by the European Development Fund, the EDF. Established for 48 basic agricultural products, it compensates the
00:53loss of export revenue suffered by all ACP countries.
00:57During Lomé II, the SISM1, the mining potential development system, covers 8 mineral products and intervenes if
01:03The fall in prices threatens the production tool; the trigger threshold must represent 15% of total exports.
01:09Lomé III, with its protocol on sugar, provides for the importation of 1.3 million tons of sugar from
01:15sugarcane at European prices. This protocol will be the reason for the "take-off" of sugarcane supplying countries.
01:21such as Mauritius, Fiji or Guyana.
01:23Lomé IV promotes businesses and private investment. Furthermore, it fosters openness to partners.
01:30non-institutionalized entities such as businesses, cooperatives and trade unions.
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