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			African, Caribbean and Pacific States - 




The group of developing countries which belong to the Lomé Convention, by which most of their products are allowed into the EC on a non-reciprocal basis. The membership is currently 70 countries, and they are also eligible to grants from the European Development Fund (EDF) and loans from the European    




 Acronym: ACP





 Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm





	
	
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Centre for the Development of Industry - Established in 1984 under the Third Lomé Convention to help the establishment of industrial enterprises in the African, Caribbean and Pacific (ACP) States. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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Dependence Threshold - The level above which the export earnings from exports to the EC of a signatory of the Lomé Convention must be for it to be eligible, given specified adverse economic conditions, for compensation through theSystem of Stabilization of Export Earnings (STABEX). Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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Lomé Convention - An agreement first signed by the EC with the African, Caribbean and Pacific (ACP) States in 1975 on reciprocal trade arrangements and the provision of developmental aid. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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Overseas Countries and Territories - Territories associated with Member States whose products were given special access to European Economic Community (EEC) markets by the Treaty of Rome. Since 1963 they have been absorbed into the broader arrangements of the Yaoundé and Lomé Conventions. Acronym: OCT, OCTs Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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System for Safeguarding and Developing Mineral Production - A programme of financial assistance to Lomé Convention countries to maintain mining production and installations during marked downturns on the world economic market which affect their export earnings. Acronym: SYSMIN Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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System of Stabilization of Export Earnings - A programme of financial assistance to Lomé Convention countries reliant upon one or a few basic commodities where their export earnings to the EC have been severely and adversely affected by world market conditions. Acronym: STABEX Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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Yaoundé Convention - A non-reciprocal trade agreement signed in 1963 by the EC with the Associated African States and Madagascar (AASM), and replaced in 1975 by the Lomé Convention. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

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Unless otherwise indicated, all entries in the LogisticsWorld Logistics Glossary are copyright 1997, Matthew D. Cox, logistics@logisticsworld.com.

 

WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com
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