Convention with the European Economic Community to promote development co-operation. The Yaoundé Convention was followed by the signature by seventy countries of the Lomé Convention in 1975. The Lomé Convention has been followed by Lomé II, III and IV, which latter expired in 2000. In the meantime over seventy ACP (African, Caribbean and Pacific) countries enjoy privileged trade and assistance status with the EU and have concluded a new convention, the Cotonou Agreement, which signifies a reorientation of EU development co-operation policies in the direction of a greater
would have been no common external tariff on bananas or other products. Others maintained, however, that the EU must show solidarity to its own producers and to those in the ACP area, whether it be through trade preferences, regional support, the CAP or development assistance through the Lomé Convention, which from 1990 to the year 2000 disbursed some 24 billion ECU to the ACP region. The EU’s fishing policy – ‘Blue Europe’ – shows the risks caused by excessive uniformity vis-à-vis the resource itself. ‘Blue Europe’ is based on the noble EU principle that in a single