This report on the CARIFORUM and Pacific ACP Economic Partnership Agreements analyses the detailed implications for the economies of the countries involved of commitments signed or initialled, including an indication of the broad country and region-wide effects. The two agreements cover general provisions related to trade in goods and, in the case of CARIFORUM, an agreement on services as well as coverage on other trade-related issues. The authors argue that, partly because they are so complex, the agreements are likely to have far-reaching implications for all countries involved, but that...

This is the first study to look at the trade effects of the current global slowdown on small states. Export industries in these countries have been affected at least as much as those of other developing countries. Given their reliance on trade, this means that the overall economic impact on small states may be greater than for other developing countries, all the more so for those countries exporting minerals and fuels, and luxury goods and services, such as beef and tourism.The authors suggest a number of policy responses for governments of small states which may help to address the issues...