The European Union confirms new support for trade in West Africa
European Commissioners Andris Piebalgs, for Development policy, and Karel De Gucht, for Trade policy, welcomed today's Foreign Affairs Council conclusions confirming new EU support of at least €6.5 billion for the Economic Partnership Agreement Development Program (PAPED) for West Africa during the period 2015-2020.
The funds will greatly enhance trade and investment flows to West African countries, thus contributing to their development, sustainable growth and poverty reduction. The PAPED is an essential element of the Economic Partnership Agreement (EPA) negotiated with West Africa, and will provide funding for projects linked to trade, industry, transport and energy infrastructure in the region, as well as through support to civil society.
For more information: http://europa.eu/rapid/press-release_IP-14-275_en.htm