The EU is implementing seven Economic Partnership Agreements with 32 partners, including 14 in Africa. The main objective of epas is to use trade and investment for sustainable development. The content of the agenda will be broadened, with agreements covering new topics such as services and investment. In such agreements, the body transmitting the data to the HCA agrees to comply with relevant laws and acts, to have its own data transmission equipment, to guarantee the confidentiality and security of the data during the exchange, to correct errors or gaps in the data, to maintain a commercial protocol containing data, to whom the data belongs after the exchange. if the contract ends. In some cases, the necessary components of an AAA may already be filled in by programmatic documents and, in this case, a reference to the existing linguistic position in those documents may be used to satisfy the AAA. If other agreements cover only a few of the necessary components, a “roof” TPA could be implemented to identify and aggregate the relevant control documents as well as the inclusion of the missing components in a single reference source. In all cases, existing documents, a hybrid or a newly developed TPA must be available within six months of the start of the data exchange. Trade agreements can be developed in different formats and can have a large number of different provisions. They typically need the assistance of legal counsel or an internal compliance officer. Covenants and provisions contained in a trade agreement generally describe the obligations and obligations of both parties. Other important information may be a procedural or working statement that sets out certain expectations.
The overall objective of the EPAs is to contribute, through trade, to sustainable economic growth and poverty reduction in ACP countries. As a general rule, these documents are more detailed and thorough in order to avoid any potential disputes and to protect the parties involved. Under the trade agreement, any party that interagulates with the health authority knows exactly what they can expect for HCA and what HCA expects of them. Trade agreements are often used in complex financial transactions. They can also be used in managing the conditions of a large number of commercial transactions, including information authorizations or the distribution of goods. The agreement also indicates the procedures and reasons why the contract may be terminated, that the contract is not transferable, the order of priority in the event of a legal conflict, that the data must be original or copies, the legal competence of the contract as well as other requirements and responsibilities. The EPAs with sub-Saharan African countries and other EU free trade agreements with North African countries are building blocks that contribute to the African Continental Free Trade Area (AfCFTA) and the long-term prospect of a free trade agreement between continents. The EPAs already contain useful trade instruments for the construction of the AfCFTA. .