Enhancing Investment in West Africa

The Role of Investment Instruments in Economic Partnership Agreement Negotiations

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978-1-84859-035-9
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978-1-84929-002-9

Enhancing Investment in West Africa

Series Title: Economic Paper Series
Number within series: 88
Publication date: 1 April 2009
Size: 240mm x 165mm
ISBN: 978-1-84929-002-9
Pages: 76

The Economic Partnership Agreement between the European Union and the ECOWAS states of West Africa envisages co-operation between the two sides with the aim of enhancing investment and private sector development in the ECOWAS region.

This study explores the options available to ECOWAS states for promoting, protecting and guaranteeing flows of domestic and foreign direct investment, in the context of the ACP-EU Economic Partnership Agreements, so that development gains are realised in these economies.

ContentsExpand or collapse me
Abbreviations and acronyms  
Executive summary  

1. Introduction  

2. ECOWAS Economic Performance and Investment Patterns
2.1 Introduction
2.2 Aggregate and sectoral output growth performance
2.3 Structure of output in ECOWAS countries
2.4 Rate and structure of investment
2.5 Financing investment  

3. The Domestic Investment Framework
3.1 The domestic legal framework for investment
3.2 Entry and establishment conditions
3.3 Regulation of ownership and operations
3.4 Investment incentives
3.5 Dispute settlement arrangements
3.6 Internalising foreign investment benefits  

4. Bilateral and Regional Investment Arrangements and Treaties
4.1 Bilateral investment treaties involving West Africa and the EU countries
4.2 Bilateral investment treaties and investment performance in West Africa
4.3 ACP-EU regional investment arrangements
4.4 Regional investment agreements and FDI flows to West Africa  

5. International Institutions and Enterprise Development in West Africa
5.1 Introduction
5.2 Enterprise development mandate
5.3 Private sector investment and support services
5.4 Competition and complementarity in enterprise development support
5.5 Does European Investment Bank funding ‘crowd out’ local resources?
5.6 Enhancing the impact of support for private sector development  

6. Investment Negotiations in the Economic Partnership Agreements
6.1 Introduction
6.2 Investment agreement issues
6.3 Options in a West Africa-EU EPA investment agreement
6.4 What are the investment provisions of the interim EPA texts of Ghana and Côte d’Ivoire?  

7. Conclusions and Recommendations  

References
About the contributors Expand or collapse me

T Ademola Oyejide (Author)

Professor T Ademola Oyejide is a Professor of Economics at the Department of Economics of the University of Ibadan, and Executive Director of its Trade Policy Research and Training Programme (TPRTP).

Abiodun S Bankole (Author)

Dr Abiodun Bankole is a senior lecturer in the Department of Economics of the University of Ibadan, and a senior research fellow at its Trade Policy Research and Training Programme (TPRTP).

Olumuyiwa Alaba (Author)

Dr Olumuyiwa Alaba is a senior lecturer in the Department of Economics of the Lead City University, Ibadan, and a senior research fellow at its Trade Policy Research and Training Programme (TPRTP).

Adeolu O Adewuyi (Author)

Dr Adeolu O Adewuyi is a lecturer in the Department of Economics of the University of Ibadan, and a senior research fellow at its Trade Policy Research and Training Programme (TPRTP).