In accordance with the Cotonou Agreement signed by the EU and the ACP countries, the priority objectives of these EPAs are the fight against poverty and integration into the world economy. However, the economic and development consequences of EPAs are ambiguous. A wide range of economic theories confirms that trade reforms can lead to efficiency gains, increased competition, lower prices, knowledge transfer and, ultimately, stronger economic growth. However, the robustness of this theory has been demonstrated mainly by North-North trade relations, one of the best known examples being the EU`s internal market. As soon as North-South trade liberalisation falls within a similar framework, it is clear that some of the potential benefits of a free trade agreement with the EU may not be realised due to the lack of conditions in ACP countries. . . .