THE LOMÉ CONVENTION: A STUDY OF ITS LIKELY BENEFITS WITH SPECIAL REFERENCE TO ETHIOPIA

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Abstract
The Convention signed at Lomé on 28 February 1975 between the nine members of the European Economic Community and forty‐six developing countries, known as the ACP States, has been hailed as an important advance in economic cooperation between rich and poor nations. Not only has the number of countries associated with the EEC been raised from the nineteen involved in the earlier Yaoundé Convention, but the ACP countries as a group now appear to enjoy more favourable provisions for trade and aid than those obtained under earlier agreements. Among the new ACP States is Ethiopia, a country neither connected with the EEC through previous arrangements nor having any historical links with Europe apart from a brief period of colonial rule by the Italians during 1936–41. The objective of this paper is to examine the implications of the provisions of the Lomé Convention in relation to Ethiopia. In addition to addressing the major question of local concern, i.e. whether or not Ethiopia is likely to benefit from association, a case study of this country is of more widespread interest. The lessons for Ethiopia may be applicable to other countries with similar circumstances. In addition, on the grounds of absolute poverty the Lomé Convention provides preferential treatment in some areas for certain of the least developed ACP countries, of which Ethiopia is one. The likely benefits of association for Ethiopia may serve, therefore, as an indicator of the extent of the EEC's commitment to assisting the ACP States, and the least developed in particular.

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