Regionalism and Integration in Africa: EU-ACP Economic Partnership Agreements and Euro-Nigeria Relations

244 Pages·2016·3.96 MB·English

by  Samuel O. Oloruntoba (auth.)

Regionalism and
Integration in Africa
AFRICAN HISTORIES AND MODERNITIES
Series Editors
Toyin Falola, University of Texas at Austin
Matthew M. Heaton, Virginia Tech
Editorial Board
Aderonke Adesanya, Art History, James Madison University
Kwabena Akurang-Parry, History, Shippensburg University
Nana Amponsah, History, University of North Carolina, Wilmington
Tyler Fleming, History, University of Louisville
Barbara Harlow, English and Comparative Literature, University of Texas at Austin
Emmanuel Mbah, History, College of Staten Island
Akin Ogundiran, Africana Studies, University of North Carolina, Charlotte
This book series serves as a scholarly forum on African contributions to and nego-
tiations of diverse modernities over time and space, with a particular emphasis on
historical developments. Specifically, it aims to refute the hegemonic conception of
a singular modernity, Western in origin, spreading out to encompass the globe over
the last several decades. Indeed, rather than reinforcing conceptual boundaries or
parameters, the series instead looks to receive and respond to changing perspectives
on an important but inherently nebulous idea, deliberately creating a space in which
multiple modernities can interact, overlap, and conflict. While privileging works that
emphasize historical change over time, the series will also feature scholarship that
blurs the lines between the historical and the contemporary, recognizing the ways in
which our changing understandings of modernity in the present have the capacity to
affect the way we think about African and global histories.
Published in the series
Contemporary Africa: Challenges and Opportunities (2014)
Edited by Toyin Falola and Emmanuel M. Mbah
African Postcolonial Modernity: Informal Subjectivities and the Democratic Consensus
(2014)
By Sanya Osha
Building the Ghanaian State: Kwame Nkrumah’s Symbolic Nationalism (2014)
By Harcourt Fuller
Prisoners of Rhodesia: Inmates and Detainees in the Struggle for Zimbabwean
Liberation, 1960–1980 (2014)
By Munyaradzi B. Munochiveyi
Mugabeism? History, Politics, and Power in Zimbabwe (2015)
Edited by Sabelo J. Ndlovu-Gatsheni
Indigeneity, Globalization, and African Literature: Personally Speaking (2015)
By Tanure Ojaide
Governance and the Crisis of Rule in Contemporary Africa: Leadership in
Transformation (2016)
Edited by Ebenezer Obadare and Wale Adebanwi
Regionalism and Integration in Africa: EU-ACP Economic Partnership Agreements
and Euro-Nigeria Relations (2016)
By Samuel O. Oloruntoba
Regionalism and
Integration in Africa
EU-ACP Economic Partnership Agreements
and Euro-Nigeria Relations
Samuel O. Oloruntoba
REGIONALISM AND INTEGRATION IN AFRICA
Copyright © Samuel O. Oloruntoba 2016
Softcover reprint of the hardcover 1st edition 2016 978-1-137-56865-6
All rights reserved. No reproduction, copy or transmission of this publication
may be made without written permission. No portion of this publication
may be reproduced, copied or transmitted save with written permission. In
accordance with the provisions of the Copyright, Designs and Patents Act
1988, or under the terms of any licence permitting limited copying issued by
the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London
EC1N 8TS.
Any person who does any unauthorized act in relation to this publication
may be liable to criminal prosecution and civil claims for damages.
First published 2016 by
PALGRAVE MACMILLAN
The author has asserted their right to be identifi ed as the author of this
work in accordance with the Copyright, Designs and Patents Act 1988.
Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited,
registered in England, company number 785998, of Houndmills, Basingstoke,
Hampshire, RG21 6XS.
Palgrave Macmillan in the US is a division of Nature America, Inc., One
New York Plaza, Suite 4500, New York, NY 10004-1562.
Palgrave Macmillan is the global academic imprint of the above companies
and has companies and representatives throughout the world.
E-PUB ISBN: 978–1–137–56866–3
ISBN 978-1-349-57097-3 ISBN 978-1-137-56867-0 (eBook)
DOI 10.1007/978-1-137-56867-0
Distribution in the UK, Europe and the rest of the world is by Palgrave
Macmillan®, a division of Macmillan Publishers Limited, registered in England,
company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS.
Library of Congress Cataloging-in-Publication Data
Oloruntoba, Samuel O. (Samuel Ojo), 1970– author.
Regionalism and integration in Africa : EU-ACP economic partnership
agreements and Euro-Nigeria relations / Samuel O. Oloruntoba.
pages cm. — (African histories and modernities)
Includes bibliographical references and index.
ISBN 978-1-349-57097-3 (alk. paper)
1. Nigeria—Foreign economic relations—European Union countries.
2. European Union countries—Foreign economic relations—Nigeria.
3. Nigeria—Commercial policy. 4. Africa—Economic integration.
5. Commercial treaties. I. Title. II. Series: African histories and modernities.
HF1616.7.Z4E8515 2015
337.1(cid:2)6—dc23 2015018559
A catalogue record for the book is available from the British Library.
Contents
List of Illustrations vii
Preface i x
Acknowledgments xiii
1 Regionalism and Integration in Africa: Euro-Nigeria
Relations and Economic Partnership Agreements 1
2 Globalization and Regional Trade Agreements 19
3 Theoretical Framework of North-South Regional
Trade Agreements 39
4 History of Euro-African Relations: From Yaoundé
Convention to Economic Partnership Agreements 69
5 Eurozone Crisis and Its Implications for the Funding
of Economic Partnership Agreements 87
6 Economic Partnership Agreements and Their Implications
on Macroeconomic Developments in Nigeria 107
7 Economic Partnership Agreements and the Non-Oil
Exports in Nigeria 1 23
8 State Capacity and Trade Policy in Nigeria: A Discourse
on the EU-ACP Economic Partnership Agreements 147
9 The Political Economy of Regional Integration and
Development in Africa: Rethinking Theory and Praxis 163
10 Regionalism or Multilateralism: Building National
Competitiveness for Economic Development in Africa 189
References 199
Index 2 19
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Illustrations
Figures
3.1 Relationship between EU-ACP and fisheries export
and non-oil sector in Nigeria 62
6.1 E U-ACP GDP ratio 117
7.1 Relative share of regions in ACP GDP 141
Tables
2.1 Balassa’s market integration model 35
7.1 Trade in fish products, 2003 and 2006–2009
(US$ million) 143
8.1 Indicators of the state’s (or its components) intrinsic
characteristic 149
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Preface
The deadlock in the negotiations of the Doha Development Round
in 2007 under the auspices of the World Trade Organization (WTO)
has spurred a new resurgence of regionalism and regional integra-
tion in different parts of the world. Although regionalism is not a
new phenomenon, its current trend seems to have surpassed previ-
ous experiences. Whereas the post–World War II international eco-
nomic order seeks an open international economic relations through
a multi lateral framework and governance, recent developments at
the WTO in terms of power plays between developed and emerging
economies have more or less reduced the tempo of multilateralism.
While an open regime of international trade and investment is still
deemed to be an important and necessary requirement for develop-
ment both at the core and the periphery of global capitalism, the
salience of interests and power between developed and developing
countries and the contradictions that these evoke have undermined
the role of the WTO. Consequently, countries have resorted to form-
ing regional agreements as a second-best option of attaining greater
economic cooperation.
The current trend toward regionalism manifests both similarities
and differences with the first wave of regionalism in the 1960s. For
instance, the EU-ACP Economic Partnership Agreements (EPA),
which forms the fulcrum of this book, contains both economic and
noneconomic issues in the relations between the European Union
(EU) and its former colonies in the African, Caribbean, and the Pacific
(ACP) group of states. It would appear that developed economic blocs
such as the EU and the United States find it easier to secure the con-
sent of developing countries for a more open but less mutually ben-
eficial international trade and investment regimes through regional
trade agreements rather than at the multilateral levels. The lack of
enthusiasm that the EU and the United States have shown toward
the conclusion of the Doha Development Round and the paradoxical
commitment of the duo to launch and conclude a Transatlantic Trade
and Investment Partnership bears out this argument. The strong and
vocal voices of emerging countries such as China, India, and Brazil